The Kenya’s largest wind farm was officially inaugurated today in the presence of President H.E. Hon. Uhuru Kenyatta and representatives of international donors, including Proparco. Proparco had mobilized a EUR 50m financing to the project company Lake Turkana Wind Power Limited (LTWP) to finance the construction of this flagship farm located in northern Kenya, in the Rift Valley. It will supply 17% of the electricity generated annually in the country and an energy 60% cheaper than the energy generated by thermal power plants in operation in the country.

Already a shareholder of Voltalia since 2016, Proparco is participating in the capital increase of this company engaged in the development of competitive renewable energy projects. This capital increase provides the French company with additional resources to increase its impact in emerging and developing countries.

In April 2017, Proparco allocated a EUR 15m loan to the Turkish project company BRS Sağlık Yatırım A.Ş to finance the construction of a public hospital in Bursa and improve access to healthcare in this province. Bursa is Turkey’s fifth largest city, located in the Marmara region in the west of the country. This new 1,355-bed hospital complex was officially inaugurated today in the presence of the Director General of Investments of the Turkish Ministry of Health, representatives of Proparco and sponsors, constructors and operators, including Rönesans Holding, the constructor and operator, and Meridiam, France’s leading infrastructure fund.