Kenya Electricity Generating Company (KenGen) has onboarded a sixth investor to its Green Energy Park in Olkaria, Naivasha, reinforcing the facility’s role as a hub for green industrialisation. The addition of Maxim Agri & Samakgro expands a growing mix of energy, manufacturing and technology companies leveraging Kenya’s abundant geothermal energy, tax incentives and Special Economic Zone benefits.

Key Overview

• KenGen has welcomed a sixth investor to its Green Energy Park.
• The park is attracting companies in energy, agriculture, EV assembly and technology.
• Investors benefit from reliable geothermal power and Special Economic Zone incentives.
• The initiative supports KenGen’s strategy to diversify revenue beyond electricity generation.
• The park aims to strengthen Kenya’s green industrialisation and job creation.

KenGen’s Green Energy Park Continues to Attract Investors

Kenya Electricity Generating Company (KenGen) is strengthening its ambition to position Naivasha as a regional clean industrial hub after welcoming a sixth entity to its Green Energy Park in Olkaria.

The latest tenant, Maxim Agri & Samakgro, joins a growing list of companies establishing operations within the park, which combines Kenya’s abundant geothermal energy resources with investment incentives designed to attract both local and international businesses.

The development reflects increasing investor interest in industrial operations powered by affordable renewable energy as Kenya seeks to accelerate green manufacturing and sustainable economic growth.

Energy Companies Lead Investment

Energy-related businesses currently dominate the Green Energy Park.

Among the major investors is Kaishan Group (China), which manufactures power generation equipment, develops and operates geothermal power plants, and produces ammonia using green hydrogen technologies.

Also operating within the park is Synergetic Development Group, which specializes in engineering, procurement and construction (EPC) services for infrastructure, energy, oil and gas projects.

Eco Cloud has also established operations, offering financing and construction services for renewable energy projects.

Beyond the energy sector, the park has attracted companies in agriculture, information technology and electric vehicle manufacturing, demonstrating its broader appeal as an industrial investment destination.

Sixth Investor Strengthens the Park

The onboarding of Maxim Agri & Samakgro brings the total number of investors at the Green Energy Park to six.

Other tenants include Aquilastar Corporate Investment Company, which assembles electric vehicles, and the Konza Technopolis Development Authority, expanding the park’s presence across clean technology and innovation sectors.

KenGen Managing Director Peter Njenga described the arrival of the new agricultural investor as a strong endorsement of Kenya’s green industrialisation agenda.

He said the investment highlights growing confidence in Kenya’s ability to provide reliable, affordable and sustainable energy solutions capable of supporting industrial expansion.

Geothermal Energy Provides a Competitive Advantage

Located within the Olkaria geothermal fields, the Green Energy Park gives investors direct access to one of Africa’s largest sources of renewable geothermal energy.

The availability of stable, low-cost electricity provides an important competitive advantage for manufacturers and other energy-intensive industries seeking to reduce production costs while lowering their carbon footprint.

By combining industrial land with reliable clean power infrastructure, KenGen aims to create an integrated ecosystem where businesses can establish operations close to their energy source, improving efficiency and reducing operational risks.

The model is expected to strengthen Kenya’s position as an attractive destination for sustainable industrial investment.

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Special Economic Zone Incentives

The Green Energy Park was designated a Special Economic Zone (SEZ) in 2025 before later being declared a customs-controlled area.

These designations allow investors to benefit from a range of fiscal incentives, including:

• A reduced corporate tax rate of 10 per cent during the first ten years of operation.
• Exemptions from certain Value Added Tax (VAT) registration requirements.
• Zero-rated supplies of qualifying goods and taxable services.
• Customs incentives available to businesses operating within Special Economic Zones.

These incentives are intended to lower the cost of doing business while encouraging investment in manufacturing, clean energy, logistics and export-oriented industries.

Supporting KenGen’s Revenue Diversification

The Green Energy Park forms part of KenGen’s broader strategy to diversify its revenue sources beyond electricity generation.

In addition to leasing industrial land, the state-owned utility has expanded into businesses such as carbon credit trading, aiming to reduce dependence on electricity sales.

KenGen has stated that it wants non-electricity generating activities to contribute approximately 20 per cent of total revenues over the long term.

The diversification strategy comes as the company seeks to strengthen financial resilience following a decline in profitability. KenGen’s net profit for the six months to December 2025 dipped to Sh 4.22 billion from Sh 5.29 billion a year earlier, largely due to higher taxes and increased reimbursable costs, including fuel and water expenses.

Driving Green Industrialisation

Kenya has increasingly positioned renewable energy as a foundation for industrial development, with geothermal power accounting for a significant share of the country’s electricity generation.

The Green Energy Park demonstrates how clean energy infrastructure can support manufacturing, attract foreign direct investment and create employment opportunities while advancing national climate objectives.

By co-locating industries alongside renewable power generation, Kenya is reducing energy costs for investors while promoting low-carbon industrial growth.

As additional companies establish operations within the park, the development is expected to strengthen regional value chains, stimulate innovation and enhance Kenya’s competitiveness as a destination for sustainable manufacturing.

Outlook

The continued expansion of KenGen’s Green Energy Park signals growing investor confidence in Kenya’s renewable energy sector and industrial development strategy. With reliable geothermal power, competitive tax incentives and integrated infrastructure, the park is well positioned to attract more manufacturers, technology firms and clean energy businesses. As KenGen continues diversifying its revenue streams beyond electricity generation, the Green Energy Park could become a flagship model for green industrialisation in Africa, supporting job creation, export growth and low-carbon economic development while reinforcing Kenya’s leadership in renewable energy.

FAQs

1. Where is KenGen’s Green Energy Park located?

The Green Energy Park is located in Olkaria, Naivasha, within Kenya’s geothermal steam fields.

2. Who is the newest investor in the park?

Maxim Agri & Samakgro is the sixth company to establish operations at the Green Energy Park.

3. What incentives do investors receive?

Businesses benefit from Special Economic Zone incentives, including a 10% corporate tax rate for the first 10 years, VAT-related exemptions and customs benefits.

4. Why is the Green Energy Park important?

The park supports Kenya’s green industrialisation strategy by providing investors with affordable geothermal energy, investment incentives and infrastructure that promote sustainable manufacturing and economic growth.

Sources: Daily Nation, The Online Kenyan, Mjengo Hub

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