Finance

Aquila Capital has announced a €250 million (US$269.7 million) expansion of its partnership with Dutch pension investor APG in European hydropower, now up to €550 million (US$593.3 million). The investment will facilitate the expansion of Norwegian-based Småkraft AS, the largest operator of small-scale hydropower plants in Europe. Smakraft has 110 operational plants, producing nearly 1.2...
Finance

U.S. President Donald J. Trump has proposed a $1.1 billion Fiscal Year 2021 budget for the Department of the Interior’s Bureau of Reclamation. Reclamation says the budget builds on recent accomplishments and supports the administration’s goals of ensuring reliable and environmentally responsible delivery of water and power for farms, families, communities and industry, while providing...
Finance

Atlantis announces that its bond offer has raised £3.79 million (US$4.9 million) and is now closed. The five-year bond has a coupon of 8%, payable semi-annually, and matures in 2024. The bond was offered through Abundance Investment Limited, the provider of a regulated green peer-to-peer investment platform. When Atlantis launched the bond in August 2019,...
New Development

Innergex Renewable Energy Inc. and Hydro-Québec today announced the creation of a strategic alliance that “will allow both corporations to accelerate their respective growth strategies and mutually benefit from their complementary skills and knowledge.” This alliance between Innergex and Hydro-Québec will target specific strategic investments, including wind and solar projects with battery storage or transmission,...
Small Hydro

By Pamela Largue The government of Liberia and African Development Bank (AfDB) have signed financing agreements for two projects valued over $33 million. The two projects include the Renewable Energy for Electrification of Liberia (REEL Project) and Support to Investment Promotion Agencies in Transition Countries. According to the agreement, the REEL Project is expected to...
Finance

The Nordic Investment Bank (NIB) has signed a 10-year loan with Agder Energi AS of Norway to renew hydropower facilities and install an additional turbine at an existing hydro power plant in Agder, Norway. The NOK600 million (US$65.6 million) loan will finance the Åseral Nord hydropower project along the Mandal watercourse. The project consists of...
Finance

By Pamela Largue The Board of Directors of the African Development Bank Group has approved an €8 million (US$8.9 million) grant drawn from the European Union’s Africa Investment Platform (EU-AIP) to support the preparation of the 287-MW Ruzizi IV Hydropower Project. The plant will be situated on the Ruzizi River between Rwanda and the Democratic...
Small Hydro

BNDES, Brazil’s state-run development bank, has approved a loan for BRL95 million (US$23.3 million) to finance the 14-MW Nova Guaporé small hydropower (SHP) plant. According to BNamericas, the project will be owned by local group Polimix. “Nova Guaporé SHP complies with the national energy plan as it is the generation of renewable hydraulic energy and...
Finance

The Board of Directors of the African Development Bank (AfDB) has approved a partial risk guarantee (PRG) of $100 million to support the 205-MW Sahofika hydropower project in Madagascar. The bank’s support will include risk mitigation to the project developers and the debt providers by supporting the payment obligations of JIRAMA, the state-owned off-taker. The...