US$12.1bn
Estimated size of global geothermal power market by 2032
0.5%
Share of geothermal energy in the world’s total renewable energy capacity
28%
Contribution of geothermal energy to the total installed capacity of energy sources in Kenya
16.36GW
Global geothermal power generation capacity in 2023
cs13
Case study summary
Kenya has made great strides in harnessing the power of geothermal energy. In fact, it is the only country in Africa to source half of its current electricity needs from this renewable resource. According to the country’s energy regulator, Kenya has sufficient geothermal reserves to increase its current installed capacity by at least eight times. This could provide an opportunity to significantly expand renewable-powered industries, from green manufacturing to green hydrogen.
Private sector investments could help realise the promise and potential of this renewable energy source. Recent investment decisions by Globeleq, an independent power company in Africa, and the Geothermal Development Company (GDC), in the Menengai project will further bolster the country’s energy sources. As the world seeks to transition to greener energy, Kenya’s progress in geothermal energy offers a promising model for other nations.
Organisations involved: Globeleq, Geothermal Development Company
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