The aim of the partnership is 'monetizing underutilized energy across Kenya and jointly developing technology projects,' Marathon chief executive officer Fred Thiel.
With projected foreign investments expected to exceed $80 million, this venture is poised to deliver economic benefits to the Kenyan economy and generate revenue for the local energy sector ecosystem.
Under the agreement, Marathon and Kenyan policymakers will cooperate to 'better understand how to optimize renewable energy projects that produce surplus energy due to intermittency and seasonal variations,' the press release said.
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