Category: Hydro Power

EIB and Iberdrola ink €120 million energy loan in Spain

EIB and Iberdrola ink €120 million energy loan in Spain

October 23, 2024 | , , , , ,

The European Investment Bank (EIB) has signed a €120 million loan with Iberdrola to support the advancement of energy technology research and innovation, accelerating the electrification and decarbonisation of the economy. The total investment linked to these projects is valued at €250 million. This funding will be directed toward the development of renewable energy technologies, including solar photovoltaic, hydro, and wind power, as well as hybrid and agrovoltaic projects.

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Harnessing Renewables in Sub-Saharan Africa: Paper

Harnessing Renewables in Sub-Saharan Africa: Paper

October 11, 2024 | , , , ,

To achieve universal electricity access and rapid economic development, Sub-Saharan Africa needs to significantly accelerate its electricity generation. Despite rising real per capita incomes over the past two decades, electricity production per capita has been declining. In addition, while hydropower is prominent in some countries, solar and wind power generation has lagged other world regions, even though sub-Saharan Africa has some of the most favorable conditions, particularly in terms of solar potential.

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Hydropower Supply Chain in US: Report

Hydropower Supply Chain in US: Report

August 9, 2024 | , , ,

This report “Hydropower Supply Chain Gap Analysis” by NREL summarizes WPTO’s efforts in the listed focus areas and complements the earlier work by further exploring the identified challenges and conducting a detailed gap analysis of the domestic hydropower supply chain. Specific, actionable recommendations are made to address gaps. The report summarizes recent legislation impacting hydropower deployment and/or its supply chain.

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Tata Power and DGPC to develop 600 MW Khorlochhu hydropower project in Bhutan

Tata Power and DGPC to develop 600 MW Khorlochhu hydropower project in Bhutan

August 7, 2024 | , ,

Tata Power has formed a strategic partnership with Bhutan’s Druk Green Power Corporation Ltd (DGPC) to develop the 600 MW Khorlochhu Hydropower Project. The project is located on the Kholongchhu River in Eastern Bhutan’s Trashiyangtse Dzongkhag. The project’s clean power would assist Bhutan fulfil its growing electricity demand. Furthermore, Tata Power will invest 40 per cent of its shares in Khorlochhu Hydro Power Limited, a Public Private Partnership Company.

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ACCIONA Energía sells hydro portfolio for €287 million to Elawan Energy

ACCIONA Energía sells hydro portfolio for €287 million to Elawan Energy

July 30, 2024 | , ,

ACCIONA Energía has finalised a deal to sell 100 per cent of Acciona Saltos de Agua, S.L. group to Elawan Energy, a subsidiary of ORIX Corporation, with the transaction being debt-free. Furthermore, Crédit Agricole serves as the financial advisor. The ASA portfolio, comprising 23 hydroelectric plants with a total capacity of 175 MW in Aragón, Cantabria, and Cataluña, is expected to close by year-end pending foreign direct investment approval.

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SSE Renewables and Gilkes Energy to develop Loch Fearna Pumped Storage in Scotland

SSE Renewables and Gilkes Energy to develop Loch Fearna Pumped Storage in Scotland

July 23, 2024 | , ,

SSE Renewables plans to develop a new pumped storage hydropower project at Loch Fearna in Scotland’s Great Glen, through a 50:50 joint venture with a consortium led by Gilkes Energy. The project will be situated at the western end of Glengarry, about 25 km west of Invergarry. The site will be adjacent to SSE Renewables’ Loch Quoich reservoir within the Great Glen hydro scheme. According to the joint venture terms, Gilkes Energy will lead the project’s development under a development services agreement with SSE Renewables. 

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IREDA plans Rs. 2.9 billion investment in 900 MW Hydro Projects in Nepal

IREDA plans Rs. 2.9 billion investment in 900 MW Hydro Projects in Nepal

July 17, 2024 | , ,

Indian Renewable Energy Development Agency Limited (IREDA) has announced plans to invest  approximately Rs. 2.9 billion in a 900 MW hydroelectric power project in Nepal. With this investment IREDA will have up to 10 per cent stake in GMR Upper Karnali Hydro Power Limited and Karnali Transmission Company Pvt. Ltd., Nepal. The project is subject to approval from the Government of India and other regulatory authorities.

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EIB to advise NEK on two pumped-storage hydro plants in Bulgaria

EIB to advise NEK on two pumped-storage hydro plants in Bulgaria

June 12, 2024 | , ,

The European Investment Bank (EIB) will provide advisory assistance to Natsionalna Elektricheska Kompania EAD (NEK), Bulgaria’s national electricity company, for the construction of two large pumped-storage hydropower plants. The two new renewable energy projects will be situated at hydropower cascade dams and reservoirs near the towns of Batak and Dospat. Each power plant will have a generation capacity of 800 MW.

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Scatec, Hydro Rein and Equinor commission Mendubim solar plant in Brazil

Scatec, Hydro Rein and Equinor commission Mendubim solar plant in Brazil

March 11, 2024 | , , ,

Scatec ASA, together with its partners Hydro Rein (part of Norsk Hydro ASA) and Equinor ASA, has announced the supply and production of electricity from the Mendubim solar plant in the state of Rio Grande do Norte, Brazil.  The 531 MW solar plant, comprising several projects, represents Scatec’s second venture in Brazil and is a collaborative effort with Norwegian partners Equinor and Hydro Rein.

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GE Vernova to refurbish Xiangjiaba hydropower plant

GE Vernova to refurbish Xiangjiaba hydropower plant

August 24, 2023 | , ,

Yangtze Power has awarded GE Vernova a contract for improving the 6.4 GW Xiangjiaba hydropower plant in China. Three sets of main shaft air supply pipes will be designed, manufactured, delivered, installed, and commissioned by GE Vernova. It’s anticipated that the improvements will be finished in the first half of 2024. The project is anticipated to boost the sealing effect, retaining the hydropower plant’s performance.

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Green Potential: Market overview and opportunities for South Asia

Green Potential: Market overview and opportunities for South Asia

June 12, 2022 | , , , ,

Governments in South Asia have been committing more towards renewable energy in their national policy targets, but further efforts are required to develop the enabling policies, institutions and market to attract more investments. Covid-19 stimulus packages for the energy sector should not only be centred around clean energy but also be accompanied by market mechanisms that would incentivise investors and unpack the technological potential of integrating more renewable energy into the grid.

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rPlus Hydro files draft application for pumped storage project

rPlus Hydro files draft application for pumped storage project

June 7, 2022 | , ,

rPlus Hydro, a subsidiary of the US-based renewable energy firm rPlus Energies, has submitted a draft licence application for the Seminoe Pumped Storage project in Wyoming. The application was submitted to state and federal agencies as part of the proposed pumped hydro energy storage project’s multi-year study and approval process, which will have a capacity of up to 900 MW.

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GIG and Hydro Rein to develop 586 MW hybrid project in Brazil

GIG and Hydro Rein to develop 586 MW hybrid project in Brazil

June 2, 2022 | , , ,

Green Investment Group (GIG), a Macquarie-owned company, and Hydro Rein have agreed to form a joint venture to build and operate a 586 MW wind and solar power plant in Brazil’s northeast. The wind and solar hybrid project, named Feijo, will be developed in the Brazilian states of Piaui and Pernambuco. Feijo will be equipped with 80 wind turbines by Nordex, a wind turbine manufacturer.

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Robust Pumped Storage Growth To Reinforce Mainland China’s Renewables Growth

Robust Pumped Storage Growth To Reinforce Mainland China’s Renewables Growth

May 29, 2022 | , ,

We have recently revised up our hydro-electric pumped storage generation and capacity forecasts for Mainland China, following positive developments in the sector. Mainland China is the top-performing market in Asia for pumped storage, with a total of 36.4GW of capacity as of end-2021. Over the coming years, we expect Mainland China’s hydro-electric pumped storage capacity to expand rapidly. In September 2021, the National Energy Administration (NEA) announced that it aims for hydro-electric pumped storage capacity to reach 62.0GW in 2025 and 120.0GW in 2030. 

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SIMEC Atlantis commissions pilot tidal project in Japan

SIMEC Atlantis commissions pilot tidal project in Japan

February 16, 2021 | , ,

SIMEC Atlantis Energy Ltd (SAE) has installed its demo tidal turbine and generation equipment in Japanese waters near the Goto Island chain. The pilot turbine has generated 10 MWh in its first 10 days of operation. Supply and installation of the turbine were provided under a contract to a Japanese company Kyuden Mirai Energy (KME).

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