PART TWO Case Study: Kinangop Wind Park (KWP) Project: A Cautionary Tale of Government Guarantees 

The collapse of the Kinangop Wind Park was not simply a project failure, it was a warning about the hidden costs of poorly structured government guarantees. What began as a flagship renewable energy investment instead exposed how contingent liabilities, weak project preparation and misallocated risk can undermine both investor confidence and public finances. As Kenya looks to scale renewable energy under tight fiscal constraints, the lessons from Kinangop are impossible to ignore.