Renewable energies on investments, properties gain fame among wealthy individuals

Source: Capital FM Kenya
Author: Ken Muthomi

NAIROBI, KENYA, MAY 5 - A large number of High net-worth Individuals in the country have embraced the use of renewable energy in their properties and investments, according to the latest surveys.

Knight Frank's 2024 survey spotlighted that 90 percent of high-net-worth individuals have shifted their focus to using green energies and are now seeking solar panel installations in the properties they invest in.

Furthermore, the survey also noted that over 46 percent of these individuals are now reviewing the impact on nature and biodiversity of their assets.

"Knight Frank's 2024 survey of the spending habits and priorities of the country's wealthiest individuals reported a surge in the use of renewable energy, with 60 percent of HNWIs now seeking solar panel installations in the properties they invest in, up from 35 percent a year ago," it stated.

According to the CEO of Knight Frank KenyaMark Dunford, these individuals have now surpassed the global average of including green priorities in their investment portfolios.

He affirmed that the adoption of greener energies in the country will enable the country to achieve the ultimate target of reducing its carbon footprint by 32 percent by 2030.

"These results confirm Kenya's HNWIs have surpassed the global average of including green priorities in their investment portfolios. They also align with Kenya's leadership position in renewable energy and its focus on the importance of building certifications," he stated.

According to a Research Analyst, at Knight Frank Africa, the adoption of green energy is not only centered on reducing the country's carbon footprint but also extends to their attention to their environmental impact,