Project finance - Page 4
Stay up to date with the latest Project finance updates from the global international water power industry
Consortium granted leverage-funding for grid-scale energy storage concept
An international consortium led by Swedish grid-scale energy storage company Mine Storage has been granted funding to finalize the blueprint for what could be the world’s...
ICE gains first certified climate bond
The Costa Rican Electricity Institute (ICE) has become the world’s first hydropower operator to obtain green bond certification using newly released criteria, the International...
£20 million a year funding boost announced for tidal energy in the UK
The tidal energy industry in the UK is set to benefit from a £20 million per year investment recently announced by the Government.
EIB funds to support small hydro development in Italy
The European Investment Bank (EIB) is providing €49 million to Iniziative Bresciane S.p.A. (INBRE) for the construction of 12 small run-of-river hydroelectric plants and the...
Funding available to assist hydropower certification
Hydropower projects that are seeking certification against the newly launched Hydropower Sustainability Standard can now apply for financing to support costs, the International...
Minesto awarded funds by the Swedish Energy Agency
Marine energy developer Minesto has been awarded s SEK 5.8 million grant from the Swedish Energy Agency to help facilitate the ongoing commercialisation of its Deep Green technology.
Germany commits €100 million to SEFA for renewable energy investments
The German government is to contribute €100 million to the African Development Bank’s Sustainable Energy Fund for Africa (SEFA), with the funding set to unlock private sector...
Hydro plants refinanced in Colombia
Holland & Knight has announced it advised Bancolombia S.A. as the lender in a refinancing of five hydroelectric power plants operated by Grupo LAREIF.
SEFA grant will help modernise Africa’s hydro fleet
Africa’s aging hydropower fleet is set to benefit from a $1 million grant from the Sustainable Energy Fund for Africa (SEFA).
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).
