hydropower

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Engie Wins 832 MW Hydropower Plant Orders In Brazil, Strengthens Market Lead

During the auction held recently by the Brazilian Federal Government, ENGIE won concession contracts for two hydropower plants (HPP) for a total amount of around €950m (BRL3.531bn). The Jaguara HPP, located in Rio Grande (between the states of Minas Gerais and São Paulo), with a 424 MW installed capacity and the Miranda HPP, located in Rio Aragui, in Indianápolis (Minas Gerais State), with a 408 MW installed capacity. The concession contracts are signed for a 30-year period. They raise the installed capacity of ENGIE from 10,290 MW to 11,122 MW and reinforce ENGIE’s position as the largest private energy producer in Brazil.

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Russia: Abundance Of Renewables Can Fuel Growth; Quadruple Clean Energy By 2030

Russia can increase the share of renewables in its energy mix from roughly 3 percent today to more than 11 percent by 2030, according to new findings by IRENA. The growth in renewable energy use would represent nearly a fourfold increase in the share of renewables between 2014 and 2030. To implement the study’s recommendations, an annual investment of approximately USD 15 billion per year between 2015 and 2050 is required, but IRENA shows that the benefits can exceed costs when externalities related to human health and climate change are considered. According to current estimates Russia has the largest wind potential in the world.

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Hydropower

Hydropower Driving Ecuador Towards 100% Electricity Generation From Clean Energy

The renewable energy project is part of Ecuador’s goal of energy independence and its promotion of clean and alternative energy sources. According to Ecuador’s government officials, 93% of the country’s electricity was sourced from hydro power as of the end of 2015.

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