News
15 December 2022

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,...

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
28 November 2025

What TxDOT’s SH288 buy-back means for US road P3s

Texas terminated the small but lucrative SH288 concession and has refinanced it with state-backed bonds. The saga shows that sponsors need to be alert to being surprised on...

Perspective
28 November 2025

Sizewell C: Adapting RAB to new nuclear

New nuclear’s construction risk and development timelines have made it difficult to bank – until now. The RAB revenue model means that Sizewell C’s funding package includes an...