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...
Business

On Oct. 30, 2020, two months before the end of the year, Slovenian renewable electricity producer Dravske elektrarne Maribor (DEM) achieved its entire year’s planned production of 2,656 GWh at large hydroelectric power plants. “Favorable hydrology and high readiness of our production facilities have enabled us to achieve the planned production this year on Friday,...
Business

Statkraft, a leading company in hydropower internationally, has signed an agreement to acquire Solarcentury. Together the companies are well-positioned for accelerated growth in solar and to become one of the world’s leading renewable energy companies, according to a press release. Statkraft will gain access to a 6-GW (gross) pipeline in Europe and South America that,...
New Development

Czech energy group Energo-Pro has passed the necessary tests and obtained a permit to start operating two new hydropower plants, 99.5-MW Karakurt and 280-MW Alpaslan 2, in Turkey. Both power plants were connected to the grid and commercial operation was started. For both power plants, this is the launch of the first Francis turbine-generator units....
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...
New Development

A new How-to Guide on Hydropower Resettlement, published by the International Hydropower Association (IHA), supports hydropower project developers to identify, manage and avoid risks associated while delivering a resettlement program. Resettlement during the development of hydropower projects must respect the dignity and human rights of those affected, IHA said. This requires the project developer and...
Research and Development

Across Europe, renewable power was the largest source of electricity generation for the sixth quarter in a row, as the easing of lockdown restrictions sparked an upturn in demand. Those were the standout statistics in the latest quarterly report on the European power generation market from energy data analyst EnAppSys. The study showed that renewable...