Transaction Advisory Associate, GreenMax Capital Group
Crystal Okudo is a Transaction Advisory Associate at GreenMax Capital Group. She brings her experience as an energy economist and project finance specialist to both the ‘buy’ and ‘sell’ sides of grid-connected and off-grid projects. “I connect investors from all over the world with strong energy projects in Africa,” says Crystal. “The region I work in now has many viable energy projects but it is still a struggle to attract affordable project development financing.”
Crystal is no stranger to making a big impact in energy access. In 2010, after seeing her village community of Asembo Kanyigoro becoming increasingly poor due to lack of economic activity, Crystal proposed bringing grid electricity to the area. The local council adopted her plan and after 18 months of payments, the entire village was electrified.
She counts her role as a financial consultant in the development of a $42 million USD green mini-grid facility. “The design of this green mini-grid program is important because it has been a catalyst for increased involvement of Kenyan banks in green energy projects,” says Crystal. “For years, developers in Kenya have struggled to attract project financing from local banks. And now, Chase Bank Kenya has announced an $11 million USD credit line to fund green energy projects.”