The company has also signed a power purchase agreement with state utility Kenya Power.
Aeolus hopes to reach financial close before the spring and start construction "within days," said executive director Jenny Fletcher. South Africa-based Standard Bank is acting as lead arranger, while JP Morgan and Climate Care are handling registration under the Clean Development Mechanism. The plant should come on line late 2013.
Kenya has just 5.1MW installed capacity at Ngong Hills, west of Nairobi.
The 300MW Lake Turkana Wind Power project has secured a PPA and the first turbines could start turning late 2013.