Kenya: Kinangop Wind Park project stopped after row with locals over compensation for displacement
"Sh15bn Kinangop wind park halted as land protests swirl"
Construction of a Sh15 billion ($150 million) wind farm in Kinangop, Nyandarua has been frozen after running into strong headwinds tied to land acquisition.
The proposed 61 megawatt Kinangop Wind Park, backed by Norwegian PE firm Norfund, South African asset manager Old Mutual and Sydney-based fund Macquarie, is on the verge of collapse after locals declined to offer their land for the project. “Development of the Kinangop Wind Park has been halted,” said James Wakaba, chief executive of KWP in a statement to Business Daily...
The wind farm was supposed to be located on the Kinangop plateau but has provoked violent demonstration, including against farmers who have agreed to the deal. “KWP instead experienced renewed incidents of civil commotion preventing safe access to the site, preventing a safe and secure environment for the team to implement the project,” added. [also refers to Kengen, Standard Bank Group, CfC Stanbic