Kenya Green Steel Project.
The Kenya Green Steel Project (KGSP) aims to build a solar-powered EAF steel mill for structural steels in one of the most promising regions for green industrial transformation: Kenya.
Energy is the key for every heavy industry. In Kenya, it is green, and cheaper than elsewhere
Kenya has an outstanding potential for renewable energies, with PV potential five times higher than in Central Europe, which, coupled with affordable prices for battery systems, enables up to 95% electricity self-sufficiency. Access to the electricity grid, which already consists of 90% renewables, shall only serve as a backup.
Project Overview
The project targets the dual goals of import substitution and sustainable industrialization. The vision: to help positioning Kenya as a green industrial hub in East Africa.
01
Technology
Electric arc furnace including ladle furnace, casting and rolling mill.
02
Capacity
100,000 tons/year with option for scaling.
03
Raw Material supply
Steel scrap & HBI from both local supply and imports.
04
Energy Supply
35 MW solar system including battery and grid access.
05
Products
Construction steels such as rebars and wire rods.
06
Markets
Focus of domestic markets, e.g. Kenya, EAC.
Our Purpose
ESG & Development Impact
Solar-powered production, aligned with SDG 7 & 9
Local job creation (~300 direct, >1,000 indirect)
Import substitution, improved trade balance for Kenya
Highly profitability due to low-cost production in a growing market
Kenya and the East African Community (EAC) are benefiting from rapid population growth and an ever-increasing middle class, which will cause the construction sector in particular to continue to boom in the coming decades. However, as the region is unable to meet its own steadily growing demand for steel and relies on imports, industrial projects are being actively promoted politically.
The KGSP combines all the important criteria for a reasonable investment: positioning as an early mover in one of the world’s largest growth markets, climate neutrality in steel production, high profitability and return on investment through cost advantages as well as social impact through active and long-term employment.
Current Phase.
Feasibility study in progress (Q3 2025 completion expected)
2026: Series A Funding; Finalization of FS; Hiring; Project Planning etc.
2026: Entry Series B Funding; Site Acquisition; MoUs; Governmental Affaires etc.
2028: Entry Series C Funding; Start of Construction
2029: Commissioning & ramp-up