Financial close for Globeleq’s first geothermal project

Globeleq, which is owned 70% by British International Investment and 30% by Norfund, and state-owned Geothermal Development Company (GDC) have reached financial close on their $117 million 35MW Menengai geothermal project in Nakuru County, Kenya. Financing is being provided by AfDB, TBD and...