UK Development is funding its first green energy project in Tanzania

British International Investment Plc, the development finance arm of the UK government, is providing the first support for renewable energy in Tanzania.

The company has agreed to loan an initial $15 million to Meridiam SAS’s Rift Valley Energy for 7.6 MW of small-scale wind and hydro projects. Nick O’Donohoe, CEO of BII, in an interview. This amount could increase to $25 million.