Editor’s Note: CNN Marketplace Africa covers the macro trends impacting the region and also focuses on the continent’s key industries and corporations.

The Lake Turkana Wind Power Project, situated on the banks of the largest desert lake in the world, aims to provide 300MW of energy, equivalent to roughly 20% of the current capacity of Kenya's national grid.

The project will be the biggest single private investment in Kenya's history. The wind farm site, located in Loyangalani District in North-East Kenya, will cover 40,000 acres of arid desert.

Eventually 365 wind turbines will feed into a vast overhead electric grid collection system. The Kenya Electricity Transmission Company Ltd, with funding from the Spanish Government, is constructing a 428km transmission line to deliver the wind farm's electricity to the grid.

A fisherman from the El Molo tribe walks ashore as the sun rises over Komote, a village on the banks of Lake Turkana, Kenya, near the location of the new wind farm.

The Turkana project is expected to generate $150 million a year in foreign currency savings to Kenya.

The power generated by the site will be bought at a fixed price by Kenya Power over a 20-year period in accordance with the signed Power Purchase Agreement.

The project follows Ethiopia's Ashegoda Wind Farm, completed in 2013. Also positioned in a rift valley, the farm is much smaller than Kenya's Lake Turkana project. Once completed, the new project will have more than double the output of Ashegoda.