Finance

Project developer Tembo Power has signed a joint development agreement with Metier and its partner WK Construction that allows the partners to appoint lenders and prepare for financial closing, expected this year, and to start construction on the 14.7-MW Kaptis small hydropower project in Kenya. Kaptis is a run-of-river hydroelectric project in western Kenya that...
Finance

Natel Energy has closed an $11 million investment, led by Schneider Electric Ventures and supported by Breakthrough Energy Ventures, to accelerate deployment of the company’s Restoration Hydro Turbine (RHT). The RHT is a fish-safe unit that enables upgrades to existing low-head hydropower plants while also improving power output and river connectivity, Natel say. The RHT...
Finance

Exelon Corporation, Pacific Gas & Electric (PG&E) and Tacoma Public Utilities (TPU) have all confirmed donations intended to aid customers and others during the COVID-19 outbreak. These donations are in addition to the delay of payment and suspension of disconnection that many utilities are offering worldwide. Exelon, and its family companies, are donating $1.15 million...
Finance

To allocate enough capital to drive the world’s transition to a low-carbon economy, a set of financial solutions need to be developed and taken advantage of by policymakers, investors and financial institutions. The International Renewable Energy Agency (IRENA) has recently published a series of renewable energy finance briefs looking at tools to scale up renewables. Renewable energy finance:...
New Development

The European Investment Bank (EIB) is providing €9 million (US$9.8 million) to support the implementation of the 147-MW Ruzizi III hydropower project, which will benefit people in the Democratic Republic of Congo (DRC), Rwanda and Burundi. The proposed Ruzizi III is a run-of-river hydropower project to be located on the Ruzizi River between Rwanda and DRC. Ruzizi River...
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...