In Luxembourg, the European Investment Bank (EIB) said it will strengthen support for green hydrogen investment in Kenya. The EIB and Kenya signed a new agreement which, according to the parties, will strengthen cooperation to support the development of green hydrogen schemes in the African nation. The EIB expects to initially mobilize $1.9 million of grants from the European Union and to appraise possible loan financing for larger green hydrogen related investment. “Our energy and finance experts at the EIB Regional Hub in Nairobi and at headquarters will work closely with Kenyan partners to identify and develop new renewable energy projects and unlock construction of hydrogen production infrastructure.” said Thomas Östros, VP at the EIB.
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