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Latest Project finance Update
Africa’s aging hydropower fleet is set to benefit from a $1 million...
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World Bank approves loan for Indonesia’s first pumped storage plant
A US$380 million loan from the World Bank will help develop the 1040MW Upper Cisokan pumped storage hydropower plant in Indonesia – the first project of its kind in the country.
Funds approved for new hydro in Côte d’Ivoire
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has agreed to lend €25 million to Ivoire Hydro Energy (IHE) to help build a...
AFDB approves funds for Kinguélé Aval hydro project, Gabon
The first independent hydropower project in Gabon is set to benefit from a €39 million loan package from the African Development Bank Group.
Virgin Money supports Scottish hydro acquisitions
Virgin Money has approved an £8m long-term loan to support Scottish Hydro Investment Limited (SHIL) in acquiring two operational hydro schemes from Guinness Asset Management.
Australian Govt approves funds for solar hydro project
The Australian Renewable Energy Agency (ARENA), on behalf of the Australian Government, has approved $15 million in funding to RayGen Resources Pty Ltd (RayGen) to construct a...
AFDB agrees loans for Malagarasi hydropower plant, Tanzania
The African Development Bank Group (AFDB) has agreed to loan $140 million to the Government of Tanzania to finance the construction of the 50MW Malagarasi hydropower plant in...
Financial closure achieved for Kidston pumped storage project, Australia
Genex Power Limited has announced it has reached financial close for the 250MW Kidston Pumped Storage Hydro Project (K2-Hydro) as construction ramps up on site in far north...
Winners of Groundbreaking Hydro Prize announced by DOE
Two teams have been named as the winners of a prize which challenged innovators to come up with new solutions to support hydropower project development by starting at square one –...
ADB approves loan for hydro construction in Pakistan
A 300MW hydropower plant to be built on the Kunhar river near Balakot City in Khyber Pakhtunkhwa Province, Pakistan, is to receive a $300 million from the Asian Development Bank to...
Hydropower can now qualify for climate bond financing under new criteria
Sustainable hydropower projects can now qualify for climate bond financing if they meet strict criteria unveiled today by the Climate Bonds Standard Board (CBSB).
ARENA agrees grant funding for Kidston pumped storage plant
Genex Power Limited has received a conditional offer for grant funding totalling up to $47 million from the Australian Renewable Energy Agency (ARENA) for the Kidston Pumped Storage...
AFDB funds transmission project in Angola
The African Development Bank has committed $530 million to finance the construction of a 343km, 400 kV central-south transmission line that will connect the north and south...
IHA sustainability assessment fund expands to more countries
Hydropower project developers and operators in more than 40 countries in Africa, Asia, Europe and the Americas have until May 2021 to apply for the Hydropower Sustainability...
US DOE announces $100 million for clean energy solutions
Developers of transformative clean energy technology solutions are now able to apply for funding from the US Department of Energy as it supports President Biden’s climate innovation agenda.
Investment secured for Portuguese wave project
Portuguese authorities have joined the Swedish Energy Agency, EIT InnoEnergy and private investors to support wave energy developer CorPower’s flagship HiWave-5 demonstration project...
CorPower and OPS receive grant for wave energy project
CorPower Ocean and OPS Composite Solutions have secured close to €500,000 from EEA Grants to help advance the development of a new wave energy project.
Investors sought for Snowdonia hydro project
Investors are being sought for a new small hydropower scheme being developed within the Snowdonia National Park in Wales.
Greenbacker Capital invests in hydropower
Greenbacker Capital Management, LLC has announced details of an investment in Clear Energy Hydro, owner and operator of hydroelectric facilities in New York state, US.
Investment for Brookfield’ Sidney A. Murray, Jr. hydro facility
MetLife Inc’s institutional asset management business, MetLife Investment Management (MIM), has facilitated a $130 million investment, including $74 million on behalf of...