Africa: AFD, DTB to support renewable energies.

Africa: AFD, DTB to support renewable energies.

Small and medium enterprises (SMEs) that are interested in investing in renewable energy technologies will now receive soft loans from the French Development Agency through Diamond Trust bank (DTB). Agence Francaise de Development (AFD) and DTB have signed a credit agreement worth Shs 33bn to finance green energy projects in the country. Yves Boudot, the […]

EIB approves new financing for transport and energy projects.

EIB approves new financing for transport and energy projects.

The Board of Directors of the European Investment Bank today approved EUR 7.4 billion of new financing for 38 projects across Europe and around the world. Negotiations for the approved loans are expected to be finalised in the coming months. The Board approved EUR 3 billion of new EIB financing for seventeen projects backed by […]

Croatia’s first geothermal plant operation target of May 2017.

Croatia’s first geothermal plant operation target of May 2017.

Croatia’s first geothermal power plant is expected to start operation in May 2017, according to the developer. Croatia’s first geothermal power plant is currently being developed with the help of an investor from Turkey. Dragan Jurilj, the owner of Geothermal company, together with his Turkish partner Muharrem Balet, the owner of MB Holding and Mega […]

St. Vincent receives funding for geothermal energy development.

St. Vincent receives funding for geothermal energy development.

St. Vincent and the Grenadines (SVG) has received a grant of GBP4 mn to support the development of geothermal energy. The grant was approved through the signing of a Memorandum of Understanding (MOU) between the Caribbean Development Bank (CDB) and the Government of the United Kingdom, through its Department for International Development (DfID). The funding, […]

CTF invests in geothermal projects in Kenya.

CTF invests in geothermal projects in Kenya.

The Climate Investment Funds’ Clean Technology Fund (CTF) has approved a Sh2.9 billion concessional loan to Kenya to cofinance up to two geothermal projects to increase the country’s power capacity, particularly drawing on untapped geothermal resources in the Rift Valley. The programme would be implemented with support from the African Development Bank (AfDB), with the […]

Tax incentive granted to new geothermal project.

Obama touts clean energy initiatives at Las Vegas conference:

More of Nevada’s extensive geothermal energy is being tapped after the Governor’s Office of Energy (GOE) granted a tax incentive for the construction of a geothermal power plant in Churchill County. Ormat Technologies, Inc. received the incentive for its Tungsten Mountain geothermal power plant after meeting state and local statutes requiring that the project provide […]