Project finance - Page 1

Stay up to date with the latest Project finance updates from the global international water power industry

Latest Project finance Update

World Bank approves additional funds for Nurek refurb
07 July, 2020
The World Bank has approved an additional $50 million from the...
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Largest community-owned hydro scheme in Scotland achieves financial close
Tuesday, June 23, 2020 by A community-owned small hydropower scheme in Lochaber, Scotland has secured £6.49 million of funding from Triodos Bank and the Energy Investment Fund, meaning the project has...

Loan approved for Sahofika project, Madagascar
Tuesday, May 26, 2020 by A €4.02 million euro loan with a grant component has been awarded by the African Development Fund to the 205MW Sahofika hydropower project in Madagascar.

NIB loan to finance Fortum hydro upgrades
Friday, May 01, 2020 by The Nordic Investment Bank (NIB) will lend Fortum Oyj EUR 70 million over 10 years to refurbish two hydropower plants in Sweden and one in Finland.

EAIF and Finnfund appointed lead arrangers for Kenyan hydro project finance package
Tuesday, April 21, 2020 by Private Infrastructure Development Group (PIDG) company, Emerging Africa Infrastructure Fund (EAIF) has been appointed joint mandated lead arranger of the US$30 million debt...

US DOE announces $38 million to support hydrokinetic turbine technology development
Thursday, April 16, 2020 by Up to $38 million in funding has been announced by the US Department of Energy (DOE) for a program to design economically attractive Hydrokinetic Turbines (HKT) for tidal and...

MeyGen gets Scottish Government grant to develop subsea hub
Thursday, April 09, 2020 by The Scottish Government’s Saltire Tidal Energy Challenge Fund has awarded MeyGen Plc a £1.545 million grant to develop a subsea tidal turbine connection hub for the next phase...

Deadline extended for $1m assessment fund for sustainable hydropower projects
Tuesday, April 07, 2020 by The deadline for the Hydropower Sustainability ESG Assessment Fund announced in February has been extended to 1 June 2020. The decision comes as a response to the general...

ARENA provides funds for Oven Mountain pumped storage study
Monday, April 06, 2020 by A new study that will analyse the benefits that a planned pumped storage project would have on the development of the New England Renewable Energy Zone (REZ) in northern New South...

World Bank approves additional $700 million for the Dasu project, Pakistan
Wednesday, April 01, 2020 by The World Bank has approved an additional $700 million in financing for the Dasu Hydropower Project in Pakistan, with the funds to be used for the transmission line that will complete...

Natel Energy raises $11 million in investment
Thursday, March 26, 2020 by Natel Energy, a supplier of sustainable hydropower solutions, today announced that it has closed an $11 million investment, led by Schneider Electric Ventures and supported...

MIGA announces first ever guarantee in the Solomon Islands for a hydro plant
Thursday, March 19, 2020 by The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, has issued guarantees that will support the development, financing, construction, operation,...

Magallanes secures support to extend testing period for tidal platform
Wednesday, February 26, 2020 by Tidal energy developer Magallanes Renovables will extend the testing period for its second generation 2MW tidal platform ‘ATIR’ at the European Marine Energy Centre (EMEC) after...

IHA launches $1m assessment fund for sustainable hydropower projects
Friday, February 21, 2020 by A new sustainability fund has been launched to aid hydropower project developers and operators in Africa, Asia, Europe and the Americas to benchmark and raise their social...

APG further invests in Småkraft
Tuesday, February 18, 2020 by APG has invested a further €250 million in hydropower company Småkraft for pension fund ABP, bringing its total investment in the company to €550 million following two previous...

NIB loan to fund hydro upgrades in Norway
Thursday, January 30, 2020 by The Nordic Investment Bank (NIB) is to lend NOK 600 million (€59.39 million) to Norwegian energy company Agder Energi AS to renew hydropower facilities and install an additional...

Grant approved to support Ruzizi IV project preparation
Monday, January 13, 2020 by Plans for the 287MW Ruzizi IV hydropower project on the Ruzizi River between Rwanda and the Democratic Republic of Congo are moving forward with news that the African Development...

Tina River project construction set to start next year
Thursday, December 19, 2019 by A landmark financing agreement has been completed for the 15MW Tina River hydropower project in the Solomon Islands, allowing construction to start in 2020.

AfDB supports Sahofika project, Madagascar
Thursday, December 19, 2019 by The African Development Bank (AfDB) has approved a Partial Risk Guarantee (PRG) of $100 million for development of the 205MW Sahofika hydropower project in Madagascar, a project...

SEFA awards funds for innovative solar-hydro hybrid project
Wednesday, December 18, 2019 by A 9MW solar-hydro hybrid project in development in Burundi is to benefit from a $990,000 grant awarded by the African Development Bank-managed Sustainable Energy Fund for Africa (SEFA).

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