News
07 June 2019

Globeleq reaches financial close on 40MW PV project in Kenya

In:
Renewables
Region:
Middle East & Africa

African power sector company Globeleq has reached financial close on the $69 million 40MW Malindi Solar PV project in Kenya and is commencing construction of the plant.CDC, the UK’s development finance institution, served as the mandated lead arranger, sourcing $52 million in debt financing,...

Exclusive subscriber content…

If you are a Proximo subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to Proximo Intelligence contact us

Request Access

You might also like


Perspective
23 January 2026

Exile Group partners with Bridgepoint to support next level...

Exile Group welcomes Bridgepoint, a leading mid-market investor, which will take a minority interest in the leading provider of events and intelligence for the export, trade,...

Perspective
31 January 2026

Ilute Solar: DFIs support an African merchant pioneer

Zambia’s Ilute solar project reached financial close without a sovereign guarantee, using a layered capital structure to absorb merchant price risk. It provides a template for...