Finance ready plan: Wind energy for Kenya’s tea factoriesFollow @MadeItInAfrica
Izzy Projects, Kenya
Every week, BiD Network highlights three finance ready plans. These top businesses have been subjected to the rigorous selection, coaching and matchmaking processes of BiD Network. They are ready for investment to expand their operations. With feasible business plans, a solid management team and real growth potential – finance ready plans deserve the attention of committed investors.
With limited natural resources, electricity in Kenya is expensive and the supply is unpredictable. The tea factories in the country are located, generally, in areas with vast wind power potential – thus presenting the opportunity for self-generating their energy supply. Through installing mid-sized, 1MW, wind turbines, Kenyan tea factories can amply meet their energy demands.
Installing a wind turbine ensures a consistent supply of cheap energy, delivering savings and makes tea production greener. Izzy Projects develop, construct, commission, operate and transfer wind turbine projects to tea factories in Kenya. Read more about Izzy projects and their plans for self reliant tea factories here.
Finance needed: $200,000 – $500,000
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BiD Network contributes to sustainable economic growth by stimulating entrepreneurship in emerging markets. With over 46,000 members and 10,000 business plans, bidnetwork.org is the world’s largest online community for emerging market SMEs, coaches and investors. Since 2005, BiD Network has launched 670 businesses, created more than 4700 direct jobs, and mobilised $15 million from investors. In November 2010, BiD Network was chosen by a G-20 jury as one of the 14 most innovative SME Finance organisations in the world.
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