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KenGen to invest on more geothermal amidst underperforming hydropower

ThinkGeoEnergy

KenGen has announced a revamped plan to generate more electricity from geothermal power plants in the face of low water inflows being experienced at their large hydropower stations. The Masinga Dam, Kenya’s largest hydropower dam, recorded a water level of 1039.42 mASL as of 6 November 2023.

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MIGA, World Bank increases insurance coverage for Tulu Moye geothermal, Ethiopia

ThinkGeoEnergy

The Multilateral Investment Guarantee Agency of the World Bank (MIGA) has increased the guarantees issued to Tulu Moye SAS of France covering its equity and quasi-equity investments in Tulu Moye Geothermal Operations Plc of the Federal Democratic Republic of Ethiopia. Phase 1 is expected to be operational by the end of 2023.

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Solar, Wind Tax Credit Extensions and Energy R&D Package in Spending Bill Before Congress

GreenTechMedia

Developers in the space are concerned that the coronavirus pandemic’s impact on the economy will depress demand for tax equity investments, as banks and financial institutions will have less appetite for credits to offset tax liabilities in a year when profits were depressed. The massive spending bill awaiting passage by the U.S.

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