Standard Bank agreed the mixture of debt and equity with power producer Aeolus Kenya, which hopes to bring the Kinangop project online in mid-2015.
US manufacturer GE is slated to supply 38 1.6MW wind turbines to the project.
Standard Bank will underwrite $90m of the debt, while Norway’s Norfund and an unnamed “large Africa-focused international infrastructure investor” will provide $60m in equity, a statement said.
Financial
