RENEWABLE ENERGY: KENYA: GreenMax Capital Advisors secures financing for large geothermal project

US Overseas Private Investment Corporation grants $950,000 for 40MW geothermal energy project. GreenMax Capital Advisors, a leading global clean energy transaction advisor, has secured a $950,000 grant from the US Overseas Private Investment Corporation (OPIC) Africa Clean Energy Facility (ACEF), one of the Power Africa programs sponsored by the US Government, for Akiira One, Ltd., a Kenyan renewable energy project development firm. The grant will support the final stages of project preparation for a 40MW geothermal energy project in Kenya. The grant will also pay for a highly qualified set of international and Kenyan consultants to perform the final technical and legal work necessary to commence drilling for the geothermal resource early next year. The planned project will be constructed on land concessioned to Akiira One, Ltd adjacent to the Olkaria geothermal fields, less than 100km outside of Nairobi. A first phase of 40MW will be followed by additional generation capacity totaling 140MW. Read More: http://www.renewableenergyfocus.com/view/40389/greenmax-capital-advisors-secures-financing-for-large-geothermal-project-in-kenya/

GLOBAL WARMING: Peru's Glacial Melt-Off Reaches 40 Percent in Four Decades

Glaciers near the southern South American country of Peru have shrunk by 40 percent in the past four decades, which has created a number of high-altitude lakes, Reuters reported. Climate change is the cause for the melt-off, which has spawned nearly 1,000 new high-altitude lakes since 1980, the Peruvian government said Wednesday. The glaciers in Peru are small compared to those found in the north and south poles, and are at a greater risk of disappearing. In addition, 70 percent of the world's tropical glaciers are found in Peru, and they are extremely sensitive to the warming temperatures associated with climate change. Read more: http://www.latinpost.com/articles/23782/20141016/global-warming-and-climate-change-stats-update-perus-glacial-melt-off-reaches-40-percent-in-four-decades.htm#ixzz3Grfy0AIF