Marine Energy

Tidal Power Plc has launched a £1.2 million (US$1.6 million) fundraiser to enable the conclusion of works to secure in perpetuity the planning permission awarded to the 320-MW Swansea Bay Tidal Lagoon. Shares are £2.50 and offered at a minimum subscription of £500, and the investor memorandum targets high-net-worth individuals or experienced private company investors....
Finance

The Nordic Investment Bank (NIB) and Norwegian utility company Sogn og Fjordane Energi AS have signed a 15-year loan agreement of €30 million (US$33.3 million) to finance the construction of a new 47-MW hydropower plant in Østerbø, as well as a 20-km regional power line. The Østerbø plant, located on the Sognefjord in the municipality...
Environmental

In 2018, clean energy investment across emerging nations was depressed and overall deployment rates of clean energy technologies was flat year-on-year, according to Emerging Markets Outlook 2019, an annual Climatescope survey conducted by Bloomberg New Energy Finance. At the same time, coal-fired generation surged in the 104 markets assessed, BloombergNEF said. According to the report,...
Marine Energy

Ocean Energy Systems (OES) is predicting strong advances in ocean energy in 2020, driven by public and private sector funding. The last annual report issued by OES highlights significant international investment, including $25 million pledged by the U.S. Department of Energy to support 12 “next-generation” marine energy projects and Wave Energy Scotland committing £7.7 million...
Finance

Genex Power Limited says that the Northern Australia Infrastructure Facility (NAIF) board has extended the date of its offer of long-term concessional loan funding for the 250-MW Kidston Pumped Storage Hydro Project to June 30, 2020. In a press release, Genex Chief Executive Officer James Harding says, “We are progressing the restructuring of the transaction...
Finance

Ocean Renewable Power Company, Inc. (ORPC) reports it has closed on commitments for $7.5 million in private equity, allowing it to expand its business development and sales focus in the U.S., Canada and Chile, and, according to management, position the company for growth and profitability. “With our first commercial product launched, we are thrilled to secure the growth capital needed to expand our business development and...
Environmental

Several of the winners of the 2019 Clean Energy BC awards are hydroelectric projects. CEBC says: “Each of this year’s winners has made a meaningful impact to those around them through their hard work and dedication to advancing clean energy.” In the Operational Excellence category, the winner was: Forrest Kerr Hydro facility, owned by Axium...
Finance

IFC, a member of the World Bank Group, and a consortium of other lenders have finalized a $453 million debt financing package that will support the construction of a 216-MW hydroelectric plant in central Nepal. Operation of the Upper Trishuli-1 plant will increase Nepal’s electricity supply by one-third from today’s levels and provide clean, reliable...