Kenya’s investment plan for Renewable Energy is contained in the ‘’Scaling-Up Renewable Energy Program (SREP).’’ Kenya is one of the six pilot countries selected to benefit from SREP. The SREP program will support Kenya’s initiatives towards achieving a transformational change that will lead the country towards low greenhouse gas (GHG) emission development pathway by harnessing renewable energy resources.
SREP operates under the Strategic Climate Fund (SCF) that supports programs with potential for scaled-up, transformational action aimed at a specific climate change challenge. SCF is part of the Climate Investment Funds (CIF), which promote international cooperation on climate change and support developing countries as they move toward climate resilient development that minimizes greenhouse gas (GHG) emissions and helps adapt to climate change. CIF resources are available through Multilateral Development Banks (MDBs). In the case of the SREP program for Kenya, the African Development Bank (AfDB) and the World Bank Group (WBG), including the International Finance Corporation (IFC), will jointly manage the SREP program, with the World Bank (WB) acting as the lead institution.
The investment plan is contained in detail in the Scaling-Up Renewable Energy Program (SREP) Investment Plan For Kenya Draft May, 2011