Research and Development

The International Energy Agency has unveiled a global COVID-19 recovery plan for the global energy sector which outlines a three-year series of actions designed to revitalize economies, boost employment and make energy systems cleaner and more resilient. At a live-streamed press briefing, IEA executive director Dr Fatih Birol said: “Our numbers show that there has...
Pumped Storage Hydro

A meeting convened by the International Hydropower Association (IHA) saw 11 energy executives discuss with the International Energy Agency’s Executive Director, Dr. Fatih Birol, how hydropower can contribute to global recovery efforts. The consensus view from the hydropower CEOs was that economic stimulus packages involving investment in sustainable hydropower among other renewables will be essential...
New Development

As COVID-19 hits the fossil fuel industry, the Global Trends in Renewable Energy Investment 2020 report shows that renewable energy is more cost-effective than ever – providing an opportunity to prioritize clean energy in economic recovery packages and bring the world closer to meeting the Paris Agreement goals. The report has been published annually since...
Finance

The World Bank has approved a $100 million loan to help the government of Nepal to improve the financial viability and governance within the electricity sector and recovering from the COVID-19 crisis. The loan is the World Bank’s second in a series of three issued through the Development Policy Credit (DPC), which aims to support...
Business

The COVID-19 pandemic shows how “more than ever, the reliable, resilient and cost-effective delivery of electrical energy is critical for our society.” That’s according to Frank Lambert, president of the Institute of Electronic and Electrical Engineers and principal research engineer at Georgia Tech’s Center for Distributed Energy. Lambert was speaking following the publication by the IEEE...
Research and Development

The COVID-19 pandemic has underlined hydropower’s resilience and critical role in delivering clean, reliable and affordable energy, especially in times of crisis. This is the conclusion of two new reports published by the International Hydropower Association (IHA). The 2020 Hydropower Status Report presents the latest worldwide installed capacity and generation data, showcasing the hydro sector’s...
Finance

The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year, the International Energy Agency (IEA) said in a report. According to World Energy Investment 2020, at the start of 2020, global energy investment was on track for growth of...
New Development

Africa-focused power company Themis Group announced it has issued a full notice to proceed (FNTP) with construction of the 44-MW Singrobo Hydropower Project, in Ivory Coast. Sponsored by a consortium including the Africa Finance Corporation (AFC) and IHE Holding, a local development company, Singrobo will begin delivering much-needed electricity to the Ivorian power grid via...
Business

Sixteen international and national organizations, representing the global hydropower sector, have set out guiding principles for energy infrastructure policy in the COVID-19 recovery. The organizations represent hydropower developers, operators, manufacturers, researchers and innovators including the world’s largest hydropower producers in China, US and Canada. Their statement, coordinated by the International Hydropower Association (IHA), sets out how...