Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
????????????????????????????????????

Energy

M-Kopa to buy 500,000 solar panels locally in the next two years

NAIROBI, Kenya, Jan 16 – M-Kopa is planning to generate at least 6.6 megawatts of solar power in the next two years, through the additional half a million photovoltaic panels it plans to locally source.

The Company’s Chairman Mugo Kibati says the half a million panels are up from the 100,000 panels it has distributed in the last two years.

Kibati added that the company will be creating more job opportunities for the youth through this new push to source for solar panels locally, subject to market and regulatory conditions.

“The panels are used in M-Kopa’s larger home systems, which include TV, lights, radio and phone charging. We have also managed to bring 500,000 new TV viewers into the information economy,” Kibati said.

The already installed solar panels are generating a total of 1.85 megawatts of off-grid power in homes across East Africa.

Previously, M-Kopa imported its smaller 8 watts panels from overseas, but Kibati says the government has created an enabling environment for the solar sector to thrive.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...