28 August 2015 05:57 AM GMT

In a blow to the renewable energy sector, the UK government is planning to impose massive cuts to a financial assistance program for clean energy projects including wind and solar.
The Department of Energy and Climate Change plans to reduce the so-called feed-in tariffs for wind-energy projects with capacities of between 100 kilowatts and 500kW to 4.52p/ per kilowatt-hour from 10.85p/kWh.

December 3rd 2015
SunEdison Terminates Agreement to Acquire Stake in Renova

SunEdison has terminated the securities purchase agreement with Light S.A. to acquire an approximate 16% stake in Renova for US$250 million.
Also terminated is an agreement among SunEdison and TerraForm Global and Brazil’s Renova Energia S.A. which provided for the acquisition of certain development-stage projects that were intended for a subsequent sale by SunEdison to TerraForm Global as call rights projects under the sponsor support agreement.

November 27th 2015
Enel Wins Tender to Operate Two Brazilian Hydroelectric Plants

Enel Green Power has been awarded a 30-year concession for two operating hydroelectric plants with a total installed capacity of 40 megawatts in Brazil, following a public tender.

November 18th 2015
Hydro Ottawa’s 29-MW Project to Come Online in 2017

Hydro Ottawa’s 29-megawatt below-ground project will be completed in 2017, providing 20,000 homes with clean renewable energy annually.

November 12th 2015
Aquila Capital Expands Norwegian Hydroelectric Footprint

Aquila Capital has won the bid to acquire Smakraft AS, the largest operator and developer of small-scale hydropower plants in Norway.
Financial details of the deal were not disclosed. The acquisition will be the third public hydro transaction for Aquila Capital in 18 months and will further expand the firm’s footprint in the hydropower sector.

November 10th 2015
Innergex Starts Operating 21.2-MW Hydroelectric Plant

Innergex Renewable Energy Inc. has started operating the 21.2-megawatt Tretheway Creek run-of-river hydroelectric facility located in British Columbia, Canada.

November 9th 2015
EBRD Extends US$52 Million for Moroccan Hydropower Sector

The European Bank for Reconstruction and Development is providing a loan of up to €35 million(US$52 million) to the Office National de l Electricite et de l’Eau Potable for a rehabilitation programme of 12 small- and medium-sized hydropower plants in Morocco.
The overhaul will contribute to the extension of the lifespan of the plants and improve their energy efficiency. The loan is already the third transaction between the EBRD and ONEE.

November 3rd 2015
FFP New Hydro Acquires Owner of Planned 52-MW Project

FFP New Hydro has acquired Red River Hydro, the owner of a FERC Hydropower license for the Overton Lock and Dam Project, located on the Red River in Louisiana at an existing lock and dam facility owned and operated by the US Army Corps of Engineers.

October 26th 2015
Voltalia Signs Equity Line Agreement to Enhance Share Liquidity

Voltalia, the French clean energy projects developer, has signed an agreement for an equity line aimed at increasing the liquidity of its shares.

October 22nd 2015
Carribean Nations Get US$71.5 Million Clean Energy Funding

The Inter-American Development Bank and the Caribbean Development Bank have initiated the US$71.5 million loan and grant Sustainable Energy Facility package to fund renewable energy in six Eastern Caribbean countries.

October 22nd 2015
Sinohydro to Develop 750-MW Hydroelectric Project in Zambia

China’s Sinohydro Corp. has won a contract to build the 700-megawatt Kafue Gorge Lower hydroelectric project for Zambia’s state-owned power company Zesco.

October 20th 2015
Ruaha River Gets Investment to Ramp up Tanzania Projects

Ruaha River Power Co. has received an equity investment that has allowed the company to acquire heavy equipment, vehicles, and facilities for use in its renewable energy business operations in Tanzania.

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