Category: Hydro Power

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. 

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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).

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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.

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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.

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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. 

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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. 

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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.

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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.

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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.

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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.

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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.

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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. 

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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.

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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.

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World Bank approves $350 million grant for hydropower storage project in Malawi

World Bank approves $350 million grant for hydropower storage project in Malawi

May 20, 2025 | , ,

The World Bank has approved a $350 million grant to support Malawi’s Mpatamanga Hydropower Storage Project (MHSP). The grant has been approved by the International Development Association (IDA). The project was co-developed by the Government of Malawi and the International Finance Corporation, which is a part of the World Bank Group, as a public-private partnership. The capacity of the project is 358.5 MW.

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Elawan Energy secures financing for 23 small hydropower plants in Spain

Elawan Energy secures financing for 23 small hydropower plants in Spain

May 16, 2025 | , ,

Elawan Energy has closed €76 million financing for 23 small hydropower plants in Spain with a combined installed capacity of 175 MW. The €76 million transaction has been structured as a non-recourse project finance deal. Natixis provided the financing and acted as the lead arranger and structuring agent. Furthermore, out of the total installed capacity of 175 MW, 134 MW comes from eight storage-based facilities that use dams or balancing reservoirs.

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Locus Energy acquires a hydropower portfolio in Norway

Locus Energy acquires a hydropower portfolio in Norway

April 28, 2025 | , ,

Locus Energy, a portfolio company of SEB Nordic Energy, has acquired a hydropower portfolio with an annual generation capacity of 158 GWh, spanning across the Norwegian price zones NO2 to NO5. The acquired portfolio comprises both operational plants and projects currently under construction.  Once fully commissioned, the assets will bring Locus Energy’s total annual hydropower output to around 410 GWh.

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Gilkes secures planning consent for 1.8 GW pumped storage project

Gilkes secures planning consent for 1.8 GW pumped storage project

April 2, 2025 | , ,

Gilkes Energy’s Earba Storage Project has secured planning consent from the Energy Consents Unit of the Scottish Government in UK. This is a proposed pumped storage hydro (PSH) scheme with an installed capacity of 1,800 MW and a storage capacity of 40,000 MWh. The project provides 22 hours of storage at full power. Furthermore, the Earba Storage Project supports decarbonisation, strengthens energy security, and lowers costs for consumers.

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ENERGO-PRO buys 350 MW hydropower plant in Brazil

ENERGO-PRO buys 350 MW hydropower plant in Brazil

March 31, 2025 | , ,

ENERGO-PRO has inked an agreement to purchase the large hydropower plant Baixo Iguaçu situated in Brazil. This hydropower plant has a total capacity of 350 MW. The Baixo Iguaçu plant was constructed in 2019 on the Iguaçu River in the state of Paraná. Furthermore, the purchase price of the power plant exceeds €250 million. The purchase is financed by a combination of ENERGO-PRO’s own funds and external sources.

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ENGIE inks agreement to acquire two hydropower plants in Brazil

ENGIE inks agreement to acquire two hydropower plants in Brazil

March 26, 2025 | , ,

ENGIE Brasil Energia has inked an agreement for the acquisition of two hydropower plants. These are the Santo Antônio do Jari hydropower plant situated in the states of Amapá and Pará and the Cachoeira Caldeirão hydropower plant in the state of Amapá. The transaction is valued at approximately R$2.9 billion out of which approximately R$2.3 billion is in equity and approximately R$671 thousand in net debt.

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