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Eastern Africa

Globeleq Reaches Close On Kenya Geothermal Plant

The 35MW Menengai plant is Globeleq's first geothermal project.

December 28, 2023

By Liz Bains
UK-headquartered Globeleq and its local project partner Geothermal Development Company (GDC) have reached financial close on their 35MW Menengai geothermal project in Nakuru County, Kenya.Senior lenders to the project include the African Development Bank, as mandated lead arranger, Finland's Finnfund and the Eastern and Southern African Trade & Development Bank. Fully

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