Finance

Global finance to developing countries in support of clean and renewable energy reached US$21.3 billion in 2017, compared with 2010 when international financial flows were US$10 billion, according to a new indicator under the Sustainable Development Goal 7. The new indicator, monitored by the International Renewable Energy Agency (IRENA) and the Organisation for Economic Co-operation...
Research and Development

With the support of the New York Power Authority, the Hydropower Research Institute has grown into a data-sharing collective that represents nearly half of the hydroelectric capacity in the U.S. NYPA announced it is joining Chelan PUD and Southern Company on the HRI board, where it will help steer the organization’s path forward. NYPA is...
Research and Development

The International Energy Agency’s newly released Key World Energy Statistics (KWES) 2020 report gives many statistics about hydroelectric production worldwide, such as the fact that hydropower has increased its global share of total energy supply from 1.8% in 1973 to 2.5% in 2018. In 1973, the regional of the world with the greatest hydroelectric production...
Research and Development

The 2020s will be crucial for all the participants in the power industry as the transition toward renewables is expected to increase, while coal takes a downturn in most developed markets. This is according to Frost & Sullivan’s recent analysis, Growth Opportunities from Decarbonization in the Global Power Market, 2019-2030. Falling costs and renewable-friendly energy policies adopted...
New Development

State power corporation Celec launched bidding this week to hire a specialized international firm to structure the process for the 596-MW Cardenillo hydro project. The US$1.3 billion plant would be on the Paute River in the provinces of Morona Santiago and Azuay. Cardenillo would be the final project in the Paute hydro complex, which comprises...
Research and Development

U.S. Secretary of Energy Dan Brouillette recently announced the launch of the Advanced Research on Integrated Energy Systems (ARIES) platform at the U.S. Department of Energy’s (DOE’s) National Renewable Energy Laboratory (NREL). The ARIES platform will allow NREL researchers and the scientific community to address the fundamental challenges of integrated energy systems at scale, DOE...
Research and Development

Celec, the state power corporation of Ecuador, has launched bidding to update its hydroelectric potential of medium- and large-scale projects (more than 25 MW). According to BNamericas, the work entails a review of 10 of 20 projects identified in 2018 for a combined 9 GW as part of a wider analysis of renewable energies to...
New Development

Tanzania Electric Supply Company Limited (TANESCO) has awarded Multiconsult consultancy contracts for the 222-MW Rumakali and 358-MW Ruhudji Hydropower and Transmission Lines projects in Tanzania. Multiconsult will undertake feasibility studies, prepare conceptual design and tender documents, and conduct environmental and social impact assessment studies for the two proposed hydropower projects and associated transmission lines. The...