Participants of the 3rd Cohort of 2021 of the Africa Project Finance Program undertook a site visit of the Marco Borero Solar Project in Kieni, 50 km from Nyeri town in Nyeri County in Kenya. The power plant is a 1.5MW grid-tied, ground mounted, solar photovoltaic power project that is managed by Marco Borero Company Limited, a private limited liability company incorporated in Kenya. The company which has a Power Purchase Agreement (PPA) with the Kenya’s energy utility firm Kenya Power completed the construction in 2020 and is awaiting commissioning in December 2021.Â
The visit provided the participants of the Cohort with a platform to evaluate on a practical scale how the company undertook the project financial structuring and modelling, risk management and understand the challenges of closing long term and sustainable financing for the project.
