Finance

Brazil recently held an A-6 auction, to source electricity from new projects, with supply due to begin by 2025. This resulted in 91 projects being awarded, with a total capacity of 2,979 MW, with expected investments of 11.1bn reais (US$2.7 billion). Of this total, hydroelectricity accounted for 445 MW.  “The results are a clear sign...
Pumped Storage Hydro

The U.S. Department of Energy’s (DOE’s) Water Power Technologies Office has announced four grand prize winners in the Furthering Advancements to Shorten Time (FAST) Commissioning for Pumped-Storage Hydropower Prize competition, which aims to help accelerate commissioning times and reduce cost and risk for pumped storage projects. “This prize sought fresh solutions and technologies from innovators...
Turbines and Mechanical Components

Thordon Bearings, through its subsidiary T-G DNALOP, announces it has been awarded a PLN1.3 million (US$328,933) grant from Poland’s National Centre of Research and Development (NCBiR) to design, manufacture and market a series of micro-hydro turbines in the 5 kW to 100 kW range. The PLN 1.8 million ($455,446) project will mark Thordon Bearings’ entry...
Finance

A series of crucial final agreements have been signed in Sydney for the long-awaited Tina River Hydropower Development Project in Solomon Islands, to usher in the start of construction. The key commercial agreements include the On-lending Agreement between the Tina River Hydropower project company and Solomon Islands’ Ministry of Finance & Treasury, as well as agreements related...
Finance

The European Commission has approved the transaction between RWE and E.ON, paving the way for “one of the most important transformations in the history of German industry, RWE says. Under the terms of the transaction, RWE’s stake in innogy will be transferred to E.ON, while the renewables business of E.ON and innogy goes to RWE....
Environmental

The Climate Bonds Initiative has released the Climate Resilience Principles (CRP) – high-level guidance for governments, investors and banks to determine when projects and assets are compatible with a climate-resilient economy.  Coordinated by  a partnership between Climate Bonds Initiative, World Resources Institute (WRI) and Climate Resource Consulting (CRC), development of the Climate Resilience Principles was...
Small Hydro

Pacific Power has completed work on its 22-kW Wallowa Falls small hydro plant and will hold an open house on Sept. 28. The turbine-generator unit is located in a small log cabin nestled amongst the campgrounds, snow-capped mountains and gleaming waters of Wallowa Lake State Park. The powerhouse, which contains a Canyon Pelton wheel and...