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10MW geothermal project in Uganda
| Country | Uganda |
|---|---|
| Sector | Renewable energy |
| Technology Area | Geothermal |
| Stage | Startup Enterprise |
| Total fund ask (in $USD Millions) | 10M+ |
| Security / preferred instruments | Straight equity, Senior debt, Sub-ordinated debt, Mezzanine e.g. convertibles, Grant |
The proposed project has a generation capacity of 10MW, scalable to the total project site geothermal capacity of 150MW. A Power Purchase Agreement has been signed to connect the 10MW generated to the national grid. Next steps for the project include finalising due diligence to onboard investors, providing both equity and debt financing. Start of operation is estimated for Q4 2024.