ACCIONA Energía has reached an agreement with Endesa for the sale of 100% of the Corporación Acciona Hidráulica, S.L. company for €1 billion (Enterprise Value). The transaction is free of debt and will generate estimated capital gains of €620 million. Closing is anticipated in the first half of 2025, following the necessary antitrust and foreign … Continue reading Acciona Energía sells 626 MW hydro portfolio in Spain to Endesa for €1 billion
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Acciona Energía sells hydro portfolio in Spain to Elawan Energy
ACCIONA Energía announced today that it has reached an agreement with Elawan Energy, a subsidiary of ORIX Corporation, for the sale of 100% of Acciona Saltos de Agua, S.L. group (ASA) for €287 million. The transaction perimeter is debt-free. The ASA portfolio comprises 23 fully-owned hydroelectric plants totalling 175MW of installed capacity located in the … Continue reading Acciona Energía sells hydro portfolio in Spain to Elawan Energy
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Infinity Power to develop 1 GW photovoltaic, wind energy, hydro, battery storage in Sierra Leone by 2033
Infinity Power, a joint venture between Netherlands-headquartered Infinity Group and UAE-based Masdar, announced on Monday that it has signed a Memorandum of Understanding (MOU) with Sierra Leone to develop 1-gigawatt (GW) of renewable energy capacity in the West African country in phases by 2033. Infinity Power said in a statement that it will collaborate closely … Continue reading Infinity Power to develop 1 GW photovoltaic, wind energy, hydro, battery storage in Sierra Leone by 2033
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Statkraft is planning record investments in Norwegian hydro and wind power
tatkraft, Europe’s largest renewable energy generator, is planning to invest up to six billion euros in upgrades to its Norwegian hydro and wind power facilities and construction of new onshore wind farms. ”Today, Statkraft is presenting the largest investment program of its kind in hydro- and wind power in Norway for decades. This will be … Continue reading Statkraft is planning record investments in Norwegian hydro and wind power
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Statkraft to acquire major Loch Ness pumped storage hydro project
Statkraft, Europe’s largest renewable power generator, has agreed to acquire the Red John Pumped Storage Hydro Scheme, from Intelligent Land Investments Group (ILI). The 450MW scheme, first conceived in 2015, was granted consent by Scottish Government ministers in June 2021. The acquisition demonstrates Statkraft’s latest commitment to helping Scotland meet its renewable energy targets and … Continue reading Statkraft to acquire major Loch Ness pumped storage hydro project
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Ethiopia finishes filling reservoir of disputed mega-dam
The Grand Ethiopian Renaissance Dam is set to double the country’s electricity generation and become Africa’s biggest dam. Egypt fiercely opposes the megaproject, arguing that it will reduce the flow of the Nile river.Ethiopia said on Sunday it had completed the fourth and final phase of filling a reservoir for its hydroelectric power plant on … Continue reading Ethiopia finishes filling reservoir of disputed mega-dam
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Pumped storage hydropower in China helping to integrate wind energy and solar power
China is building pumped-storage hydropower facilities to increase the flexibility of the power grid and accommodate growing wind and solar power. As of May 2023, China had 50 gigawatts (GW) of operational pumped-storage capacity, 30% of global capacity and more than any other country. China’s pumped-storage capacity is set to increase even more, with 89 GW of … Continue reading Pumped storage hydropower in China helping to integrate wind energy and solar power
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GE connects all units at 1.2 GW Jinzhai pumped storage hydro power plant in China
GE was selected to deliver 4x 300 MW pumped storage units for the project. All units passed trial period and are now connected to the grid. The project annual generating capacity represents about 1.4 times the annual household electricity consumption in Jinzhai, China. In line with the planned schedule, all units of the Jinzhai pumped … Continue reading GE connects all units at 1.2 GW Jinzhai pumped storage hydro power plant in China
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Renewables Can Diminish Expensive Kyrgyz Energy Imports
Rising fossil fuel imports are adding to the financial burdens of Kyrgyztan’s energy sector, according to a new report published today by the International Renewable Energy Agency (IRENA). ‘Renewables Readiness Assessment: The Kyrgyz Republic’ identifies concrete actions that can help address the country’s energy challenges, develop a more diverse energy sector and improve the livelihoods … Continue reading Renewables Can Diminish Expensive Kyrgyz Energy Imports
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RWE, Equinor and Hydro to explore opportunities for offshore wind development in the Mandal area
An offshore wind consortium consisting of RWE Renewables, Equinor and Hydro REIN, has signed a Memorandum of Understanding (MoU) with Windport AS, a supplier of port facilities in the Mandal area. RWE Renewables, Equinor and Hydro REIN jointly aim to develop a large-scale bottom-fixed offshore wind farm in the Sørlige Nordsjø II area in the … Continue reading RWE, Equinor and Hydro to explore opportunities for offshore wind development in the Mandal area
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Equinor, RWE and Hydro team up for offshore wind energy in the Norwegian North Sea
Together, the partners have strong expertise in all parts of the offshore wind value chain from development, production, and route to market. Equinor, RWE Renewables and Hydro REIN have signed a collaboration agreement for offshore wind in Norway. The partners will jointly prepare and submit an application to the Norwegian authorities to develop a large-scale … Continue reading Equinor, RWE and Hydro team up for offshore wind energy in the Norwegian North Sea
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The Wide World of Small Hydro
The development potential of small hydropower worldwide has been estimated to be 173GW, and while Africa, Asia and Latin America show the greatest potential, plants in Europe can also offer a significant contribution to domestic electricity systems, responding to sustainability, distributed generation and energy security needs. The path towards green energy development is not limited … Continue reading The Wide World of Small Hydro
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Wind power overtakes hydro for first time in Australia
The Australian wind energy industry achieved a milestone in January, with wind generation exceeding hydro generation for the first time. According to data compiled by Green Energy Markets, the wind industry boosted production to its highest level in six months -thanks to good wind speeds – while hydro generation fell sharply from previous years, mostly … Continue reading Wind power overtakes hydro for first time in Australia
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China installed capacity of hydro, wind energy and solar power is expected to stand at 350 gigawatts, 200 gigawatts and 100 gigawatts
Installed capacity of hydro-, wind power and solar energy is expected to stand at 350 gigawatts, 200 gigawatts and 100 gigawatts, respectively. Energy self-sufficiency will be boosted to around 85 percent. China has issued a long list of targets for its future energy strategy as the country looks to modernize its energy structure. The … Continue reading China installed capacity of hydro, wind energy and solar power is expected to stand at 350 gigawatts, 200 gigawatts and 100 gigawatts
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