Globeleq seals debt funding for Menengai geothermal project in Kenya

In:

Renewables

Region:

Middle East & Africa

Globeleq has signed financing agreements with the African Development Bank, Finnfund and TDB for the $72 million debt funding for the 35MW Menengai geothermal project in Nakuru County, Kenya.Globeleq, which is owned 70% by British International Investment and 30% by Norfund, is providing equity,...

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