Kenya: CDC, Globeleq announce debt package for Malindi solar

Issue 374 - 27 Jul 2018 | 1 minute read

UK-based developer Globeleq and CDC Group, which is wholly owned by the UK’s Department for International Development and owns 70% of Globeleq, announced on 11 July a $66m debt package for the 40MW Malindi solar project. Globeleq told African Energy that the focus was now on finalising outstanding conditions to reach financial close and begin construction in the coming months. CDC Group will provide a loan worth $50m, with Globeleq supplying the remaining $16m. Both loans are long term, with 16-year tenors.

Tagged with:

Pin Power

Pin Kenya

Want to read more?

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map