Innovative Risk Finance Solutions: Insights for Geothermal Power Development in Kenya and Ethiopia
Valuable lessons and insights for the international development cooperation and climate finance sphere is provided in this CDKN project. There is generally a central role for technical assistance and the targeted use of international public finance in increasing the role of local market actors for scaling up private sector investment in geothermal development. The following recommendations, which builds on the project’s key insights, can guide development agencies and finance providers such as multilateral, bilateral and national development banks, as well as the Green Climate Fund. The recommendations are also informed by E3G’s broader work on designing smart incentive schemes for green finance.