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    Vestas Sells Stake in Kenyan Wind Project: Impact on Earnings? | FinOracle

    Market Trends & Social Media Insights – October 12, 2024 18:28

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    Vestas Sells Stake in Kenyan Wind Project: Impact on Earnings? | FinOracle

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Vestas Sells Stake in Kenyan Wind Project: Impact on Earnings?

Vestas Wind Systems has sold its stake in the Lake Turkana Wind Power project in Kenya to a partnership managed by BlackRock. The sale price remains confidential and will have minimal impact on Vestas' earnings. The project generates electricity for 1.2 million Kenyan homes and highlights the growing interest in renewable energy projects in Africa.

by Terry Bingman
Mon, Feb 19, 2024 5:58pm
in Business
• 2 mins read
14.7k
Vestas Sells Stake in Kenyan Wind Project: Impact on Earnings? | FinOracle
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Vestas Wind Systems Sells Stake in Lake Turkana Wind Power Project to BlackRock Partnership

Vestas Wind Systems has completed the sale of its 12.5% stake in the Lake Turkana Wind Power project in Kenya to a partnership managed by BlackRock, one of the world’s largest investment management firms. The Danish wind turbine manufacturer announced this move as part of its strategy to develop wind farms without long-term ownership.

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