Energy Firms Dominate Tenants at KenGen Green Energy Park in Naivasha

Energy sector companies now dominate leasing at Kenya Electricity Generating Company’s Green Energy Park in Olkaria, Naivasha. The power producer recently onboarded its sixth tenant into the special economic zone.

Three energy-related firms have taken up space at the park. China’s Kaishan Group manufactures power generation equipment, builds and operates geothermal plants, and works on green hydrogen ammonia production. Synergetic Development Group focuses on engineering, procurement and construction for energy and infrastructure projects. Eco Cloud provides financing and construction services for renewable energy.

The latest addition is Maxim Agri & Samakgro, bringing the total number of investors to six. Other tenants include Aquilastar Corporate Investment Company, which assembles electric vehicles, and the government-owned Konza Technopolis Development Authority.

KenGen managing director Peter Njenga welcomed the new agri investor. He described the move as a vote of confidence in Kenya’s green industrialisation agenda. The park leverages cheap geothermal power and incentives to attract tenants.

The Green Energy Park sits on hundreds of acres within the Olkaria geothermal steam fields. It was declared a Special Economic Zone last year and later designated a customs-controlled area. These statuses offer tax breaks, including a reduced corporate tax rate of 10 per cent for the first ten years and exemptions on VAT obligations.

The initiative forms part of KenGen’s strategy to diversify revenue streams beyond electricity generation. The company aims for non-generation activities to contribute 20 per cent of total revenues. This push comes as its half-year net profit to December 2025 dipped due to higher taxes and reimbursable costs.

Naivasha’s geothermal resources provide a competitive advantage for energy-intensive industries. The park’s location allows tenants to benefit from reliable, affordable clean power while supporting Kenya’s broader industrialisation goals.

KenGen has opened land leases specifically to draw international and local investors. The model combines power infrastructure with industrial development on the same site.

As more tenants sign up, the park could become a significant job creation and economic hub in the Rift Valley. Its success will depend on sustained infrastructure support and continued investor interest in Kenya’s green energy offerings.