Kenya

With a power score of 2.34, Kenya ranks number 26 among Emerging markets and number 4 in Africa.

Power score
2.34/5

Fundamentals3.00/5

Opportunities1.39/5

Experience1.97/5

Explore all scores

Ranking over time2.34/5

Explore the ranking over time

MarketComparison

Select up to 3 markets to compare

Explore the fullProfile on BNEF

Go to the full profile

Not a BNEF client? Interested in knowing more? Request a demo

Kenya has a power score of 2.34, which puts it at rank 26 in the Emerging Markets power ranking. The power score of Kenya is higher than the average of 1.91 in Africa.

Regional comparison chart

In the chart above all geographies within the region are arranged by power score from left to right. The circles are sized based on the population.

Power

Power policy

Kenya implements policies in 5/8 categories tracked by Climatescope; Renewable energy target, Feed-in tariff/premium (utility-scale), Support for customer-sited generation (rooftop and self-consumption), Tax incentives, and REC'S - Renewable Energy Certificates

Renewable energy target

Auctions/tenders (utility-scale)

Feed-in tariff/premium (utility-scale)

Support for customer-sited generation (rooftop and self-consumption)

Tax incentives

Renewables mandate/RPS/Supplier Obligation

REC'S - Renewable Energy Certificates

Priority generation dispatch

Power prices and costs

The average electricity price in Kenya has increased from ~$92/MWh in 2023 to ~$104/MWh in 2024. Since 2019, the average electricity price in Kenya has fluctuated between ~$74/MWh in 2022 and ~$110/MWh in 2019.

Electricity prices in Kenya (2019-2024)

Power market

The top amount of capacity installed in Kenya in 2024 was in Solar at 1.42GW, up from 1.13GW in 2023.

Installed capacity (2019-2024)

Electricity generation (2019-2024)

The technology with the largest share of electricity generated in Kenya in 2024 was Geothermal at 5.55TWh, down from 6.03TWh in 2023.

Investment in Kenya (2019-2024)

Investment in clean energy in Kenya was around $201.12M in 2024. This amounts to a decrease of around 94% from $3.27Bn in 2023.

Utility privatisation

Which segments of the power sector are open to private participation?

generation

transmission

retail

Doing business and barriers

Type

Question

Availability

Bilateral power contracts

Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?

Currency of Corporate PPAs

Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?

Fossil fuel price distortions - Subsidies

Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?

Fossil fuel price distortions - Taxes and carbon prices

Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?

More insights from BloombergNEF

BNEF provides clear perspectives on global commodity markets and the technologies driving the energy transition, empowering decision-makers to navigate disruptive trends in an evolving energy economy.

Detailed data on all 220 indicators
Model available to download
Historical data for 15 years
In-depth analysis for 110 markets