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/