Climate Finance Partnership (CFP), a fund managed by BlackRock Alternatives, has acquired a 31.25% stake in Lake Turkana Wind Power, a 310MW wind farm in Kenya.
The stake has been acquired from Vestas, Finnfund and the Investment Fund for Developing Countries. Located in Kenya’s far north region, the Lake Turkana Wind Power facility is equipped with 365 wind turbines. The wind farm has a 20-year power purchase agreement (PPA) in place with Kenya Power and Lighting Company. The financial details of the deal were not disclosed.
