Finance

Hydropower projects around the world could soon be independently rated and certified for their sustainability performance, following a public consultation open to all stakeholders. The International Hydropower Association (IHA), on behalf of a multi-stakeholder coalition of industry, civil society, governments and financial institutions, has published a consultation paper on the development of a global sustainability...
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...
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...
Pumped Storage Hydro

The International Hydropower Association (IHA) together with the U.S. Department of Energy are launching a global initiative of 11 national governments and more than 60 organizations aimed at addressing the urgent worldwide need for clean and reliable energy storage. The International Forum on Pumped Storage Hydropower (IFPSH) will develop policy proposals and exchange knowledge on...