Finance

Boralex reports significant jump in energy sales in 2020

For the fiscal year ended Dec. 31, 2020, Boralex Inc. posted energy sales of $619 million ($738 million), an increase of 10% (7%) over FY2019, and EBITDA(A) of $434 million ($513 million), an increase...
Ocean

Corpower receives funding boost to commercialize wave energy tech

Corpower has received €9 million ($10.9 million) in investment to scale-up its commercial demonstration of wave energy technology. The funding round, which was led by Midroc New Technology and included SEB Greentech VC, family offices...

Pumped storage, nuclear and coal plants more likely to have multiple owners

In 2019, about 14% of the 1,099 GW of total operational U.S. electricity generating capacity was jointly owned. Nuclear capacity had the highest percentage of joint ownership at 37%, followed by pumped-storage hydropower at...

Hydro-Québec reports net profit of $2.3 billion amid pandemic and mild temperatures

Hydro-Québec announced net income for Fiscal Year 2020 was $2,303 million, down $620 million from the previous fiscal year, and said this decrease is mainly explained by the impact of the COVID-19 pandemic on...
Counting Money

Hydropower Sustainability Fund open for applications

A sustainability fund to help hydropower developers and operators assess their environmental, social and government (ESG) performance is now open to more than forty countries in Africa, Asia, Europe and the Americas. The Hydropower Sustainability...

NYPA receives grant to study the impact of ice on hydropower

The New York Power Authority (NYPA) has been awarded two grants to fund demonstration projects – one that will analyze the impact of ice on a hydropower plant and one to test a technology...

Eco Wave Power named winner of Smart Port Challenge in Morocco

Eco Wave Power (EWPG Holding AB) announces it was one of three winners of the Smart Port Challenge Competition, held by Morocco’s National Ports Agency and National Single Window for foreign trade- PORTNET, together...

FEMA releases additional $308 million for Oroville Dam spillways repairs and reconstruction

The California Department of Water Resources (DWR) says it has received notification that the Federal Emergency Management Agency (FEMA) released an additional $308 million in requested funds for the Oroville Dam spillways reconstruction and...
Pesos

Iberdrola to fund 2021-2023 innovation strategy with €100m EIB loan

Spanish multinational energy company Iberdrola has secured €100 million ($121.2 million) in financing from the European Investment Bank (EIB) to fund its business innovation strategy. The utility will leverage the loan to implement its research, development...
Underwater

Portuguese wave energy launched by Swedish and Norwegian collaboration

Swedish wave energy developer CorPower Ocean and Norwegian engineering firm OPS Composite Solutions have joined forces for the COMPACT (COMposite Pressure cAsing for CosT) Project. The two companies are using €500,000 ($607,588) in funding secured...