Factsheet: KCVF

KCVF

Key Information
Full name of Instrument & Measure (English): 
Kenya Climate Venture Facility (KCVF) Project
Description: 
Kenya Climate Venture Facility (KCVF) (6.8 million) is a private Sector Project approved under SREP (Kenya's Scaling-Up Renewable Energy Program). The KCVF is part of the Kenya Climate Innovation Center (KCIC) which incubates start-up and early stage renewable energy and climate technology companies with a range of services including proof-of-concept grants, business advisory services and training, access to technical and office facilities, information and international linkages. The KCIC was launched in September 2012 in Nairobi, and already supports more than 80 firms developing innovative businesses models and technologies in renewable energy such as solar lighting and homes solutions, solar pumps for irrigation, biogas solutions, waste-to- energy briquettes and efficient cook stoves. The KCIC is strongly supported by the Kenyan government and prominently featured in the country’s National Climate Change Action Plan (NCCAP). While KCVF will be allowed to invest in firms working in non-renewable sectors (such as water supply for climate change mitigation), its primary focus will be renewable energy in Kenya. A specific accounting window will be established to ensure that all SREP funds are invested in renewable energy in Kenya.
Goal/Aim: 
Support investments in renewable energy. Regulate climate change.

Sector/Topic targeted:

Responsible Authority: 
Kenya Climate Innovation Center (KCIC). The KCIC is part of the infoDev3 Climate Technology Program (CTP).

Status:

Trade Relevance: 
Policies ensuring sustainable production of biomass
Year Instrument & Measure Started: 
2012