Jobs and People

The Bureau of Reclamation recently announced that Blaise Prebo is Reclamation’s Project Manager of the Year. Prebo is a project manager working in the Columbia-Pacific Northwest Region in Grand Coulee, Wash. The award, new this year, reinforces the importance of project management for Reclamation’s mission of delivering water and electricity to the western U.S. Prebo...
Business

Renewable power capacity worldwide will increase to a record 200 GW this year forecasts the International Energy Agency’s Renewables 2020 report. The increase, representing almost 90% of the total expansion in overall power capacity globally, is led by wind, hydropower and solar PV. Wind and solar additions, in particular, will jump by 30% in both the USA...
Finance

Spanish multinational energy company Iberdrola has announced a €75 billion ($89.1 billion) economic recovery plan to be implemented over the next five years. The investment plan will help the utility to accelerate its energy transition whilst boosting jobs in countries the group operates. The plan will enable Iberdrola to double its renewable energy capacity. The...
Research and Development

“Renewables appear to be immune to Covid-19,” said Fatih Birol of the International Energy Agency this morning, as he revealed that clean energy had defied the pandemic downturn that has hit all other areas of the power sector. Speaking at a press conference for the launch of the IEA’s latest report into renewables, executive director...
Finance

Innergex Renewable Energy Inc. and the Pituvik Landholding Corporation announce the closing of a $92.8 million non-recourse construction and term project financing with The Manufacturers Life Insurance Company for the construction of the 7.5-MW Innavik small hydro project. Innavik is a run-of-river hydroelectric facility on the Inukjuak River near Inukjuak, Nunavik, in northern Quebec. The...
Business

Pacific Gas and Electric Company (PG&E) announced that its plans to sell the 28.7-MW Crane Valley Hydroelectric Project in Madera County, California. PG&E’s Crane Valley Project was constructed between 1895 and 1920 by the San Joaquin Power Company, which later became the San Joaquin Light and Power Corporation. It consists of five hydroelectric powerhouses, as...
New Development

Doosan Heavy Industries & Construction announced that it had joined Korea South-East Power Company (KOEN), Korea Overseas Infrastructure & Urban Development Corporation (KIND), and the International Financial Corporation (IFC) to participate in construction of the 216-MW Upper Trishuli-1 Hydroelectric Power Plant. In late October, the company signed a KRW400 billion (US$356.3 million) contract with Nepal...