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...
Finance

By Elizabeth Ingram The end of the year is the perfect opportunity to look back, to reflect on what has passed, before the new year when we naturally focus on the future. As I reflect on the news and issues we’ve covered on Hydro Review over the past year, I can identify five big trends...
Research and Development

U.S. Secretary of Energy Dan Brouillette has issued the Department of Energy’s (DOE’s) second funding opportunity announcement (FOA) for the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs for Fiscal Year 2020. The Phase I Release 2 FOA, with about $40 million in available funding, will provide funding for innovations that...
Finance

The European Investment Bank (EIB) has approved €8.1 billion (US$9 billion) in financing for climate action, sustainable development, health and education investment across Europe and around the world. This includes support for renewable energy projects, the development of electric vehicles, and improving the energy efficiency of homes. EIB financing will also help to build water...
Finance

The Government of Solomon Islands and the International Finance Corporation (IFC) have announced the formal completion of a financing agreement for the 15-MW Tina River Hydropower Project. The Tina River project will curb Solomon Islands’ reliance on imported diesel by almost 70%, lowering power prices for homes and businesses across the country, where the price...
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....