Investment firm buys 100MW of Portuguese hydropower

Aquila Capital has agreed to acquire 21 operational small-scale hydropower plants from EDP

Hydro and fossil fuels powering Sub-Saharan Africa’s electricity growth

They were the top sources of growth between 2005 and 2015

Energy group to pump £60m in Scottish hydropower

The GFG Alliance has pledged to double the £500 million already investment in Scotland

EDF to invest €8bn in energy storage by 2035

It aims to develop 10GW of additional electricity storage projects globally over the next 17 years

Batteries deployed at Yorkshire hydropower schemes

Each lithium-ion battery unit has a capacity of more than 1,200kWh and will provide balancing services to National Grid

Wales offers 100% rates relief for community hydro

Community hydro projects with a value of up to £50,000 will receive 100% rates relief in Wales. The new grant scheme, which will start in April, will also cap the increase in business rates for other small-scale developments to 10% or £1,000 where there was no previous liability. It will be application-based and hydro projects […]

Wind to surpass hydropower in US energy mix

Wind power is forecast to surpass hydroelectricity as the largest renewable generation source in the US. That’s according to the latest report from the Energy Information Administration (EIA), which states few new hydro plants are expected to come online in the next two years. It adds its forecast is however mostly based on projections of […]

Investment platform offers to invest in Scottish hydro storage

A peer-to-peer finance platform has launched an offer to invest in a hydropower storage project in Scotland. Abundance Investment aims to get involved in Intelligent Land Investments Group’s development opportunity, which seeks to win planning consent for up to three pumped storage hydro plants. Its ILI Pump Storage Hydro project will include a site near […]

Business alliance signs hydro deal and announces green goal

A business alliance has signed a new hydropower deal as part of its new target to build 1GW of green power generation in the next three years. SIMEC Energy, which is part of the GFG Alliance, is to acquire clean power developer and operator Green Highland Renewables (GHR) from Ancala Partners. The acquisition of GHR, […]

Costa Rica hits 300 days of clean power so far in 2017

Costa Rica has produced 100% of its energy from renewables for 300 days this year. That’s according to the Costa Rican Institute of Electricity (ICE), which says the Central American nation has beaten its own green power record, when renewable output matched consumption for 299 of 2015’s 365 days. With more than a month of […]