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

Quidnet Energy gets federal funding for geomechanical pumped storage project
30 November, 2022
Quidnet Energy is to receive $10 million in funding from the US....
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African Development Bank approves €125 million loan for Cahora Bassa modernisation
Wednesday, November 30, 2022 by A project that is set to extend the life of the Cahora Bassa hydroelectric project in Mozambique has received a funding boost as the African Development Bank Group agrees a loan deal...

Pumped storage project set to benefit from a share of UK government funding
Tuesday, November 29, 2022 by A pumped storage project is one of five energy storage projects across the UK that is set to benefit from a share of over £32 million government funding in the second phase of the...

DOE announces $28 million in new funding to advance hydropower technology
Monday, October 24, 2022 by The US Department of Energy (DOE) has approved $28 million across three funding opportunities to support research and development projects that will advance and preserve hydropower as...

FEMA awards funds for dam safety
Tuesday, October 18, 2022 by FEMA has announced that over the next five years it is set to award $733 million through the Bipartisan Infrastructure Law in dam safety grants to states and territories to enhance...

US DOE provides $13.5 million for record number of hydroelectric facilities
Wednesday, September 14, 2022 by The US.Department of Energy (DOE) has distributed $13.5 million in incentive payments to 55 hydroelectric facilities through the Hydroelectric Production Incentive Program – marking...

WPTO announces funds for research on fish passage and protection technologies
Thursday, August 25, 2022 by The US Department of Energy’s Water Power Technologies Office (WPTO) has released details of a $4 million funding opportunity to reduce the environmental impacts of hydropower...

USBR awards $150,000 to winners of AMPS Challenge improving reliability in hydropower plants
Friday, August 12, 2022 by Two teams are set to receive $50,000 for their ideas to automate protection systems testing for hydropower generators and other protective relays systems after being selected as...

Innergex completes refinancing of assets in Chile
Tuesday, August 09, 2022 by Innergex Renewable Energy Inc. has successfully completed a US$803.1 million refinancing of the non-recourse debt of its portfolio of wholly owned assets in Chile with the issuance...

NIB helps fund energy storage on Faroe Islands
Monday, July 18, 2022 by The Nordic Investment Bank (NIB) has agreed to loan DKK 250 million (€33.60 million) to power company SEV to finance the construction of a pumped storage system to allow for new...

Britain and Norway partner for African hydropower
Monday, June 27, 2022 by UK Prime Minister Boris Johnson has announced that British International Investment (BII) is to invest up to £160 million into a joint venture between Norfund and Scatec that will...

OPEC Fund loans US$72 million to Mohmand Dam
Monday, June 27, 2022 by The OPEC Fund for International Development is providing a US$ 72 million loan in support of the 800MW Mohmand Multipurpose Dam Project in Pakistan.

$80 million funding boost for New Atlin expansion project in Canada
Tuesday, June 07, 2022 by The Canada Infrastructure Bank (CIB), in partnership with the Taku River Tlingit First Nation owned Tlingit Homeland Energy Limited Partnership, has committed $80 million towards...

Biden-Harris Administration announces $240 million to repair aging water infrastructure
Friday, May 13, 2022 by The US Department of the Interior has received an investment of $240.4 million for infrastructure repairs in fiscal year 2022 from President Biden’s Bipartisan Infrastructure Law. To...

Indian govt approves funds for Kwar hydro project
Thursday, April 28, 2022 by The Cabinet Committee on Economic Affairs in India has approved the investment of Rs.4526.12 crore for the 540MW Kwar hydroelectric project on the river Chenab in Kishtwar district...

KfW signs finance agreement for Aswan hydro stations, Eqypt
Friday, April 22, 2022 by The Egyptian government and German Development Bank KfW have signed a €26 million financing agreement for the rehabilitation of three hydroelectric projects in Aswan, Daily News Egypt...

Canadian Govt approves $32.2 million funding for Atlin Hydro Expansion
Tuesday, April 19, 2022 by The Atlin Hydro Expansion Project in Canada is set to benefit from a $32.2 million investment from the Canadian Government through the Low Carbon Economy Fund.

SAE secures loan for turbine redeployment at MeyGen
Monday, April 04, 2022 by Simec Atlantis Energy (SAE) has secured a £2.5 million loan from Scottish Enterprise for the redeployment of the remaining two turbines at its MeyGen tidal power site within the next...

B.F. Sisk dam safety project first to get funding through US President Biden’s Bipartisan Infrastructure Law
Thursday, March 31, 2022 by The Department of the Interior has announced the US Bureau of Reclamation (USBR) is providing project-specific funding of $100 million for the modification of B.F. Sisk Dam in...

US$180 million in financing agreed for Mohmand dam project, Pakistan
Thursday, March 31, 2022 by The Islamic Development Bank (IsDB) has signed financing agreements amounting to US$180 million for development of the 800MW Mohmand Dam and Hydropower project in Pakistan.

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