Hydro

FERC Awards Licences to FFP New Hydro for $100m Muskingum River Projects

Americas, Energy, Head Lines, Hydro

The four projects have a combined generating capacity of 15MW. FFP New Hydro also has final license applications pending for two more projects on the Muskingum River. The projects represent an investment of more than $100 million and each project will create 100 to 150 jobs during construction as well as continued service employment during operations. Clean, reliable electricity from the projects will power over 7,500 homes and businesses as a long term resource for the region.

FERC Awards Licences to FFP New Hydro for $100m Muskingum River Projects Read More »

SunEdison Terminates Agreement to Acquire Stake in Renova

Americas, Deals & Finance, Head Lines, Hydro, Solar, Wind

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.

SunEdison Terminates Agreement to Acquire Stake in Renova Read More »

Aquila Capital Expands Norwegian Hydroelectric Footprint

Deals & Finance, Europe/Middle East/Africa, Head Lines, Hydro

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.

Aquila Capital Expands Norwegian Hydroelectric Footprint Read More »

EBRD Extends US$52 Million for Moroccan Hydropower Sector

Deals & Finance, Europe/Middle East/Africa, Hydro

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.

EBRD Extends US$52 Million for Moroccan Hydropower Sector Read More »

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