Kenya is a testing ground for sustainable securitisation to finance electrification. The first transaction has just been entered into by Chicago-based electricity access provider Sun King and Citi, an international banking group based in New York in the United States of America. Very common in the banking sector, securitisation is a financial technique that transforms illiquid assets, i.e. assets for which there is no real market such as loans, into easily negotiable securities such as bonds.
The operation in Kenya can therefore be described as ‘sustainable’, since it should enable electrification via off-grid solar systems. A low-pollution solution provided by Sun King. According to official figures, three out of ten Kenyans currently live without electricity. Most of these people live in areas not covered by the Kenya Power grid. To remedy this situation, Sun King and other electricity access providers offer a range of solutions, including solar lanterns and solar home systems.
Chinese (Simplified)
Arabic
Dutch
English
French
German
Italian
Portuguese
Russian
Spanish