ReNew Power in India is acquiring two assets with a combined enterprise value of INR28.5 billion (US$384 million), which are expected to generate INR3.8 billion to 4.0 billion (US$ 50.7 million to 53.4 million) of EBITDA annually.
ReNew will acquire L&T Uttaranchal Hydropower Ltd., which owns the 99-MW Singoli Bhatwari Hydroelectric Project (SBHEP), from L&T Power Development Ltd., a wholly-owned subsidiary of engineering and construction firm L&T. ReNew will add the project opera [...]
Natel Energy announced a $20 million funding round, led by Breakthrough Energy Ventures (BEV) and supported by Chevron Technology Ventures, to build momentum in deploying its flagship product, the Restoration Hydro Turbine (RHT).
“As more solar and wind power solutions are deployed, the role of hydropower will become increasingly important due to its inherent reliability, flexibility, and ability to integrate other renewables onto the grid,” said Carmichael Roberts, BEV. “Natel’s Rest [...]
A hydroelectric power purchase agreement (PPA) has been signed between Primeo Energie France, Eureden and aventron.
Primeo Energie France is committed to supplying Eureden with electricity production from two small hydroelectric facilities operated by the aventron group through its French subsidiary Birseck Hydro, from 2023 to 2025. The plants are the 5.2-MW Oche power station in Hautes-Alpes and the 4.5-MW Trébas power station in the Tarn.
Primeo Energie France will deliver to the Eurede [...]
The Clean Power Alliance (CPA) has signed three long-term power purchase agreements, including two new solar projects and one existing small hydro project.
As the sun sets on California’s solar farms, a backup energy source deep in the Sierra Nevada Mountains springs to life. [...]
Climate change is picking up pace in Europe, thrusting farmers and power generators onto the front lines of a battle with nature that threatens to upend the lives of the half billion people who occupy the world’s biggest trading bloc. [...]
Genex Power Limited has appointed power and water consulting firm Entura to be owner’s engineer for the Kidston Stage 2 project in Australia. [...]