TECHNOLOGY / GEOTHERMAL · tracked since 2023
24Projects
4,937.7 MWTracked capacity
$1,067.47mCapital tracked

Market footprint

derived from tracked projects
Kenya4,062.7 MW
Tanzania325 MW
Djibouti300 MW
Ethiopia250 MW

Recent deals

reported transactions
DateDealMarketStage$m
2026-06-18Corbetti GeothermalEthiopiaannounced27
2026-05-15Ethiopia Rift Valley Geothermal ProjectEthiopiaannounced58.97
2026-01-27OrPower Twenty-Two (OTTL)Kenyaannounced16.5
2025-11-06OrPower 22 Menengai Geothermal ProjectKenyamandated48
2025-10-07Kaishan Terra Green Ammonia LimitedKenyaannounced800
2024-01-02Menengai Geothermal 35MWKenyafinancial_close117

Project pipeline

ProjectMarketMWStatusSponsor
Baringo-Silali Geothermal ComplexKenya3000early_developmentGeothermal Development Company (GDC)
Lake Assal Geothermal ProjectDjibouti300early_development
Suswa Geothermal Power PlantKenya300late_developmentGovernment of Kenya
Ngozi Geothermal ProjectTanzania200early_developmentTanzania Geothermal Development Company (TGDC)
Kaishan Olkaria Geothermal & Green Fertilizer PlantKenya165.4constructionKaishan Terra Green Ammonia Limited
Ethiopia Rift Valley Geothermal ProjectEthiopia150early_development
Olkaria VIKenya140late_developmentKenya Electricity Generating Company (KenGen)
Olkaria I Unit 6Kenya83operationalKenya Electricity Generating Company (KenGen)
Olkaria VIIKenya80.3late_developmentKenya Electricity Generating Company (KenGen)
Olkaria 1Kenya63construction
Olkaria I Power Plant RehabilitationKenya63early_developmentKenya Electricity Generating Company (KenGen)
Olkaria Geothermal RevampKenya63constructionKenGen
Kiejo Mbaka Geothermal ProjectTanzania60late_developmentTanzania Geothermal Development Company (TGDC)
Natron Geothermal ProjectTanzania60early_developmentTanzania Geothermal Development Company (TGDC)
Corbetti GeothermalEthiopia50late_developmentPIDG; InfraCo; Taranis Operations Ltd
Corbetti Geothermal ProjectEthiopia50late_development
Menengai Geothermal 35MW (Globeleq)Kenya35constructionGlobeleq;Geothermal Development Company
OrPower Twenty-Two (OTTL) Geothermal Power PlantKenya35constructionOrPower Twenty-Two (OTTL); Geothermal Development Company
OrPower 22 Menengai Geothermal ProjectKenya35late_developmentKaishan Group
Luhoi Geothermal ProjectTanzania5early_developmentTanzania Geothermal Development Company (TGDC)
Microsoft/G42 Olkaria Data CentreKenyacancelledMicrosoft; G42
Menengai Geothermal Field Industrial ApplicationsKenyaearly_developmentGeothermal Development Company (GDC); Iroko Africa
Songwe Geothermal ProjectTanzaniaearly_developmentTanzania Geothermal Development Company (TGDC)
Octavia Carbon Geothermal Carbon Capture ProjectKenyaearly_developmentOctavia Carbon

Benchmarks and policy

Tariff benchmarks: 0
Policy records: 4