Africa
With a power score of 2.6, Kenya ranks number 4 among Emerging Markets and number 1 in the Africa region
Power score
2.6/5
Score over time
2021 - 2024
Kenya has a power score of 2.60, which puts it at rank 4 in the Emerging Markets power ranking. In comparison to 2023, Kenya has improved in the power rankings by 15 places, from rank 19, to rank 4.
At 2.60, the power score of Kenya is better than than the regional average of 1.8 in the Africa region and puts it at rank 1 in the region.
Kenya implements policies in 6/9 power policy categories tracked by Climatescope, including Renewable energy target, Feed-in tariff, Net metering, Import tax incentives, VAT incentives, and Renewable Energy Certificates.
The average electricity price in Kenya has increased from 74.12 USD/MWh in 2022 to 91.54 USD/MWh in 2023. Since 2017, the average electricity price in Kenya has fluctuated between 74.12 USD/MWh (2022) and 161.63 USD/MWh (2017).
The top amount of capacity installed in Kenya in 2023 was in Geothermal at 23.47%, down from 25.31% in 2022. The technology with the biggest increase in capacity installed in 2023 was Utility-scale PV at 21.58%, up from 16.53% in 2022.
The top amount of electricity generated in Kenya in 2023 was in Geothermal at 47.73%, up from 40.2% in 2022.
Investment in clean energy in Kenya was around $3,208.43 million in 2023, an increase of 4590.69% from 2022 ($68.40 million). Between 2018 and 2023, the highest investment in clean energy was in 2023 at $3,208.43 million, while the lowest was in 2021 with $1.10 million.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.