Geothermal Investment Opportunities in Kenya: Why Global Investors Are Watching Africa By: Robert Buluma The center of gravity in the global geothermal energy industry is shifting. For decades, Iceland, the United States, and Indonesia have dominated the narrative of geothermal power. But in 2026, a new epicenter is emerging: the Great Rift Valley of Kenya. The evidence is unmistakable. In April 2026, Kenya officially surpassed 1,000 megawatts of installed geothermal capacity, cementing its status as the 7th largest geothermal producer globally and the undisputed leader in Africa. At the World Geothermal Congress 2026 in Calgary, Kenya’s Energy and Petroleum Regulatory Authority issued a direct call to global financiers and developers to participate in what is rapidly becoming the world’s most dynamic geothermal frontier. For institutional investors, infrastructure funds, and independent power producers seeking stable, long-term yields in renewable energy, the thesis is compelli...
Croatia’s Geothermal Breakthrough: €30 Million EU Call Launched for Four New Wells in Velika Gorica, Osijek, Vinkovci, and Zaprešić (Croatia) By Robert Buluma ZAGREB, June 12, 2026 – Just days after the official opening of a landmark €30 million tender for geothermal well drilling, Croatia is cementing its position as a regional powerhouse in renewable heating. The Ministry of Economy announced on June 2, 2026, the launch of the call for project proposals under reference PK.3.2.01 – Investment in Geothermal Energy, a move that transforms years of exploratory research into tangible, shovel-ready infrastructure. The call, which opened on June 3, 2026, at 12:00 CET and will close on June 30, 2026, at 16:00 CET, designates a single eligible applicant: the Hydrocarbons Agency of Croatia (Agencija za ugljikovodike) . With a total non-repayable grant of €30,000,000 from the European Regional Development Fund (ERDF ), the project will finance the drilling of four additional geothermal we...