GeoFutures GreenInvest

P4G Theme

Energy Transition

SDG

Status

Completed

Partnership Type

Scale-up

Countries of Operation

Ethiopia , Kenya ,

About

GeoFutures GreenInvest will offer innovative insurance solutions to de-risk sustainable investment opportunities, starting with the resource development barriers affecting the geothermal industry.

Investing in Impact

P4G has invested US $852,000 in this partnership.

The partnership will establish an investment fund to provide sustainable development loans and a premium finance facility to early stage geothermal project developers. GeoFutures GreenInvest aims to support the creation of 600 MW of low cost, reliable geothermal power in Kenya and Ethiopia - supplying more than 31.5 million people with power and avoiding almost 3.1 million tons of carbon dioxide emissions annually.