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  1. KfW provides financing for 200 MW geothermal power project in Kenya

    The German Development Bank (KfW) has agreed to an almost $109 million loan to Kenya to build a geothermal power project. The Bogoria-Silali geothermal project, which is expected to have a total production capacity of 200 megawatts, will be developed by the Geothermal Development Company (GDC), according to African Review.  In addition to the Bogoria-Silali geothermal project, KfW also provided a $45 million loan for the Nairobi Water Distribution Project to improve access to water in Kenya. These projects are part of Kenya's Vision 2030, which aims to enhance economic opportunities and improve the environmental quality in the country.  "The two projects are key examples of successful Kenyan-German development cooperation in the water and energy sector ," said German Amassador to Kenya Andreas Peschke during the signing of the agreement. "Germany is firmly committed to remain a key partner of Kenya and Kenya's development agenda and the implementation of Vision 2030." Geothermal projects in Kenya have attracted investment from other banks like the African Development Bank (AfDB) and the French Development Agency (AFD). Kenya plans to drill 20 wells with the $109 million loan from KfW.  More information on the power market in Kenya can be found on PennEnergy Research

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    Online Articles

    Tue, 15 Jul 2014

  2. Company pulls out of geothermal power project in Chile

    Energy Development Corp. (EDC) said it will not move on with the Longavi geothermal power project in Chile after completing a technical assessment.

    Online Articles

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    Thu, 2 Aug 2012

  3. Tata Power consortium to build 240 MW geothermal project in Indonesia

    India's Tata Power is to build a 240 MW geothermal power project in Indonesia in consortium with Australian company Origin Energy Limited and PT Supraco Indonesia.

    Online Articles

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    Fri, 3 Sep 2010

  4. Ormat offered up to $350MM in DOE loan support for geothermal project in Nevada

    Ormat has received an offer of a conditional commitment from the DOE that would provide a partial guarantee for up to a $350 million loan to support a Nevada based geothermal power project .

    Online Articles

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    Fri, 10 Jun 2011

  1. GCE snags interest in California geothermal power project

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    Fri, 21 May 2010

  2. Ormat Technologies closes of $105m financing for Kenya's Olkaria III geothermal power project

    Ormat Technologies, Inc. has announced that its wholly-owned subsidiary, OrPower 4, Inc., concluded the closing under its previously announced loan documents for up to $105m project financing to refinance Ormat's investment in the Olkaria III geothermal project .

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    Mon, 9 Mar 2009

  3. Ram Power closes $160MM debt financing for Central Americas largest geothermal project

    Ram Power is pleased to announce the closing of a $160 million debt financing for the Phase II expansion of the San Jacinto-Tizate geothermal power project - currently the largest geothermal construction project in Central America

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    Mon, 8 Nov 2010

  4. Spanish involvement in Filipino geothermal power project

    Emerging Power Inc., an affiliate of Nickel Asia Corp., has tapped a Filipino-Spanish firm for the operation of a 40 MW geothermal power plant in Naujan, Mindoro.

    Online Articles

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    Thu, 8 Oct 2015

  5. geothermalfinance

    Terra-Gen Power has secured $286 million in financing for a 67 MW  geothermal power project in Nevada.

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    Fri, 1 Oct 2010

  6. Groningen geothermal project aimed at carbon neutral goal

    Groningen is the site of an ambitious geothermal district heating project, part of an overarching initiative to make the Dutch city energy neutral by 2035.

    Online Articles

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    Fri, 21 Oct 2016

  7. Japan Bank Provides Loan for Icelandic Geothermal Power Plant

    The Japan Bank for International Cooperation, known as JBIC, will provide an export loan of as much as $34 million for a 90-megawatt geothermal power project by Landsvirkjun in Iceland.

    Online Articles

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    Tue, 15 Dec 2015

  8. Alterra Power enters agreement for Chilean and Peruvian geothermal assets

    Alterra Power has entered into an agreement with Energy Development for the development of Alterra's Mariposa geothermal project in Chile and five of Alterra's Peruvian geothermal concessions.

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    Online Articles

    Tue, 16 Oct 2012

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