Category: Hydro Power

New York awards 1.7 GW clean energy projects 

New York awards 1.7 GW clean energy projects 

September 24, 2026 | , , , , ,

New York State Energy Research and Development Authority (NYSERDA) has awarded contracts to eight battery storage projects and 13 large-scale renewable energy projects. Together, these projects represent 1.7 GW of new capacity and over $3.7 billion in private investment. BESS projects will add 950 MW of capacity, with durations ranging from four to eight hours while the 13 renewable energy projects will add over 719 MW of capacity and comprise solar, onshore wind, and hydropower. The projects are expected to be operational by the end of 2030.

Read More
Malaysia announces 250 MW renewable energy FiT quota for 2027

Malaysia announces 250 MW renewable energy FiT quota for 2027

September 16, 2026 | , , ,

The Government of Malaysia has announced a 250 MW renewable energy Feed-in Tariff (FiT) quota for 2027 to support clean energy generation and attract investment. The quota will be allocated through an online bidding process for biogas, biomass and small hydropower projects in Peninsular Malaysia and the Federal Territory of Labuan. The allocation includes 30 MW for biogas, 120 MW for biomass and 100 MW for small hydropower.

Read More
Statkraft and Hydro Energi sign 8.8 TWh PPA in Norway

Statkraft and Hydro Energi sign 8.8 TWh PPA in Norway

August 24, 2026 | , ,

Statkraft and Hydro Energi have signed a long-term power purchase agreement (PPA) in Norway. The agreement covers the supply of 876 GWh annually from 2031 to 2040, totalling to approximately 8.8 TWh over the contract period. The agreements will supply power to Hydro’s aluminium plants, with deliveries in NO5 electricity price area. The agreement follows two long-term PPAs signed by Hydro and Statkraft in April 2026 for the delivery of 0.9 TWh annually in 2029 and 2030, and 1.3 TWh annually from 2031 to 2038.

Read More
JSW Neo Energy and DGPC sign agreement for 920 MW Bhutanese hydro project

JSW Neo Energy and DGPC sign agreement for 920 MW Bhutanese hydro project

August 12, 2026 | , ,

JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy, has signed a shareholders’ agreement with Druk Green Power Corporation (DGPC) for the joint development of the Punatsangchhu-III hydroelectric project. The project has an installed capacity of 920 MW and is located in the Wangdue Phodrang district in Bhutan. Furthermore, DGPC holds a 51 per cent stake in the project while JSW Neo Energy holds a 49 per cent stake.

Read More
EAAIF to support 2 GW of renewable energy projects in Southeast Asia

EAAIF to support 2 GW of renewable energy projects in Southeast Asia

July 31, 2026 | , , , ,

The Emerging Africa & Asia Infrastructure Fund (EAAIF) has signed a senior secured debt facility of up to $50 million with Ukko Renewable in Southeast Asia. The financing will support the development of an initial renewable energy pipeline exceeding 2 GW, forming part of a broader 3 GW-plus portfolio of wind, solar and hydropower projects across Vietnam, the Philippines and other Southeast Asian markets.

Read More
Masdar and EPCG partner on renewable energy projects in Montenegro

Masdar and EPCG partner on renewable energy projects in Montenegro

July 28, 2026 | , , ,

Masdar and Elektroprivreda Crne Gore (EPCG) have signed agreements to develop 150 MW of solar capacity and explore more than 400 MW of pumped hydro storage in Montenegro. The projects will be developed through a 50/50 joint venture (JV) established following the companies’ JV agreement signed in April 2026. The solar portfolio comprises the 115 MW Štedim project and the 35 MW Krupac project.

Read More
World Bank backs 300 MW pumped hydro project in Morocco

World Bank backs 300 MW pumped hydro project in Morocco

July 2, 2026 | , ,

The World Bank has approved $265 million to support the Ifahsa pumped hydropower storage project. The project has an installed capacity of 300 MW and is located near Chefchaouen in Morocco. The project will enhance grid flexibility and enable the integration of at least 1 GW of additional solar and wind capacity. The project is  also expected to attract around $1 billion in private investment while replacing approximately 3 TWh of fossil fuel-based electricity annually. 

Read More
EDF to develop 2 GW pumped hydro storage and 500 MW solar project in Oman

EDF to develop 2 GW pumped hydro storage and 500 MW solar project in Oman

June 30, 2026 | , , ,

EDF Power Solutions and the Sultanate of Oman have signed three agreements to advance energy cooperation and sustainable development. The agreement include the 2 GW Jabal Abyad Pumped Hydro Energy Storage (PHES) Project, to be developed in partnership with EDF power solutions, Oman National Engineering and Investment Co (ONEIC), TAKHZEEN Oman and Green Universe Enterprise (GUE) alongside Oman’s Authority for Public Services Regulation (APSR).

Read More
Aker Solutions secures 150 MW hydropower contract in Norway

Aker Solutions secures 150 MW hydropower contract in Norway

June 29, 2026 | , ,

Aker Solutions has secured a contract from Tussa Energi to supply all electromechanical equipment for the Tussa II hydropower plant. The contract is valued between NOK 0.5 billion and NOK 1.5 billion. The plant is located in western Norway. The project will expand the facility’s installed capacity from 64 MW to 150 MW with the addition of two 75 MW Pelton turbine units.

Read More
Masdar and EPCG form renewable energy JV in Montenegro

Masdar and EPCG form renewable energy JV in Montenegro

April 23, 2026 | , , , , ,

Masdar and Elektroprivreda Crne Gore (EPCG) have formed a 50/50 joint venture (JV) in Montenegro. The JV, headquartered in Nikšić, will deploy solar, wind, hydropower, pumped storage, BESS, and hybrid energy solutions. It aims to meet domestic energy demand while enabling renewable power exports across the Western Balkans and Southern Europe.

Read More
Alpiq acquires 535 MW Navaleo Pumped Storage Project in Spain

Alpiq acquires 535 MW Navaleo Pumped Storage Project in Spain

February 24, 2026 | , , ,

Alpiq has acquired the Navaleo hydro pumped storage project (PSP) in Castilla y León, Spain. The project was developed by Erbienergía and is currently at an advanced stage, with commercial operations planned for the early 2030s. The project is expected to provide 535 MW of flexible capacity to the Spanish grid, supporting system stability and enabling higher renewable energy integration. 

Read More
J-POWER consortium acquires 797 MW hydropower plants in Philippines

J-POWER consortium acquires 797 MW hydropower plants in Philippines

February 9, 2026 | , ,

A consortium comprising Electric Power Development Co., Ltd. (J-POWER), Aboitiz Renewables, Inc., and Sumitomo Corporation have completed the acquisition of the CBK Hydroelectric power plants in the Philippines following their win in the privatisation bid conducted by the Power Sector Asset and Liabilities Management Corporation (PSALM). The plants have a combined installed capacity of 797 MW. 

Read More
FERC issues licence to Goldendale PSP in Washington

FERC issues licence to Goldendale PSP in Washington

January 29, 2026 | , , ,

Rye Development and Copenhagen Infrastructure Partners, through its Flagship Fund CI V, have announced that the Federal Energy Regulatory Commission (FERC) has issued a 40-year licence for the Goldendale energy storage project in Washington. Once operational, the closed-loop hydropower pumped storage project (PSP) is designed to store electricity for up to 12 hours and deliver 1,200 MW of on-demand power.

Read More
World Bank approves financing for Dorjilung hydropower project in Bhutan

World Bank approves financing for Dorjilung hydropower project in Bhutan

January 27, 2026 | , ,

The World Bank Group has approved financing for the 1,125 MW Dorjilung hydropower project located on the Kurichhu river in eastern Bhutan.The approved financing package includes a $150 million grant and a $150 million credit from the International Development Association, a $15 million enclave loan from the International Bank for Reconstruction and Development to the Government of Bhutan.

Read More
Hydro Tasmania launches tender for renewable projects

Hydro Tasmania launches tender for renewable projects

November 24, 2025 | , ,

Hydro Tasmania has launched an open call for proposals from new wind and solar projects across the state to increase the amount of electricity available to the Tasmanian grid. The utility is seeking a commercial offtake arrangement with one or more projects capable of supplying up to 1,500 GWh of power each year. The deadline for submission of expressions of interest is December 5, 2025.

Read More
ANDRITZ secures contract for pumped storage plant in Thailand

ANDRITZ secures contract for pumped storage plant in Thailand

October 31, 2025 | , ,

The Electricity Generating Authority of Thailand (EGAT) has awarded a contract to ANDRITZ for the replacement of two pumped storage units at the Srinagarind hydropower plant with new, state-of-the-art units. The plant is located on the Kwai Yai River in Kanchanaburi province, Thailand and has a total capacity of 720 MW comprising three Francis units and two pumped storage units.

Read More
Adani and DGPC to develop 570 MW hydro project in Bhutan

Adani and DGPC to develop 570 MW hydro project in Bhutan

September 9, 2025 | , ,

Adani Power and Bhutan’s Druk Green Power Corporation (DGPC) have signed agreements to develop the 570 MW Wangchhu hydroelectric project in Bhutan. The agreements include a shareholders agreement, a concession agreement with the Royal Government of Bhutan, and an initial understanding on the power purchase agreement. The project will be executed on a build-own-operate-transfer (BOOT) basis.

Read More
Brookfield and Google ink 3 GW hydro framework agreement in US

Brookfield and Google ink 3 GW hydro framework agreement in US

July 16, 2025 | , ,

Brookfield Asset Management, along with Brookfield Renewable, has signed a hydro framework agreement (HFA) with Google to deliver up to 3,000 MW of carbon-free hydroelectric capacity across US. The first contracts executed under this framework cover Brookfield’s Holtwood and Safe Harbor hydroelectric facilities in Pennsylvania, amounting to 670 MW of capacity with a total contract value of over $3 billion. 

Read More
DGPC and B.Grimm ink MoU to develop hydropower and solar project in Bhutan

DGPC and B.Grimm ink MoU to develop hydropower and solar project in Bhutan

June 24, 2025 | , , ,

Druk Green Power Corporation Limited (DGPC) and B.Grimm Power Public Company Limited (B.Grimm) have inked a memorandum of understanding (MoU) for the development of renewable energy project in Bhutan. The agreement establishes a framework of future collaboration for developing other renewable energy projects through Special Purpose Vehicles to be incorporated under Bhutanese law.

Read More
EnergyAustralia and EDF join forces for pumped hydro project 

EnergyAustralia and EDF join forces for pumped hydro project 

June 20, 2025 | , ,

EnergyAustralia has partnered with EDF power solutions Australia to co-develop and deliver the Lake Lyell Pumped Hydro Energy Storage project (LLPHES) in Lithgow. The LLPHES Project has the capability to produce 385 MW of reliable, dispatchable energy once it is developed. The energy produced will be sufficient to supply over 250,000 homes in New South Wales for up to eight hours.

Read More