Renewables & Power Experience

Delphos is currently advising Tulu Moye Geothermal Operations, which is backed by Meridiam Infrastructure Partners and Reykjavik Geothermal, on the development of 520 MW (over $2 billion of project costs) of geothermal power generation at Tulu Moye, Ethiopia. Delphos is leading the financial aspects of project development including raising debt financing of approximately $180 million for the first phase of the project (50 MW) from a DFI club. Delphos also secured a $1.2 million technical assistance grant from USTDA to assist with financial, technical, legal, and environmental project preparation activities and is serving as the prime contractor.