The two companies, alongside the Port of Kehl Administration, launched the joint feasibility study to find out whether a wind power plant can be constructed at the facilities of the Rhine port of Kehl. Credit: Jesus Keller/Shutterstock.com.

Danish wind turbine manufacturer Vestas has completed the divestiture of its 12.5% stake in Kenya’s Lake Turkana wind project to the Climate Finance Partnership (CFP), a fund managed by BlackRock, Wind Power Monthly reported.

The transaction details, including the sale price, remain confidential.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

CFP has been seeking to acquire a 31.25% stake in the 310MW Lake Turkana wind farm from other investors such as Finnish development financier Finnfund and Denmark’s Investment Fund for Developing Countries, Bloomberg reported.

The wind farm on the shores of Lake Turkana in northern Kenya has been operational since 2018.

Vestas supplied the project with 365 V52-850 wind turbines with 850kW of capacity and will continue to provide maintenance services.

The project includes a 428km transmission line, the construction of which has faced delays due to political and financial challenges.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The Lake Turkana wind farm is capable of generating sufficient electricity to meet 14% of the country’s total demand.

The sale aligns with Vestas’ strategy to develop wind farms without retaining long-term ownership.

The deal was initially announced in March 2023 after Google withdrew from plans to acquire the 12.5% stake.

In January 2024, Vestas revealed plans to build a new blade factory in Szczecin, Poland. Expected to open in 2026 and create 1,000 jobs, the facility will produce blades for the V236-15.0 MW offshore wind turbine.

In December 2023, Vattenfall chose the Danish company as the preferred supplier for the 1.38GW Norfolk Vanguard West project in the UK. Vanguard West will feature 92 of these turbines.

In the same month, Vestas signed a memorandum of understanding with Ukraine’s DTEK to construct the second phase of the Tyligulska wind project in Ukraine. The 114MW first phase was built with a $200m (€185.21m) investment and commissioned in May 2023.