21 April 2016 11:56 AM GMT

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.

February 15th 2016
H2O Power Surges With Acquisition of 31MW Hydroelectric Facilities In PJM Market

The Allegheny 8 & 9 facilities have a 31.5MW capacity located on the Allegheny River in Armstrong and Indian Counties, Pennsylvania, within the Pennsylvania-Jersey-Maryland known (PJM) Interconnection. The assets are interconnected into the New York Independent System Operator in the PJM Interconnection Power Market. The capacity and energy generated by the Allegheny 8 & 9 facilities are sold to New York State Electric & Gas Corporation under a long-term power purchase agreement.

February 8th 2016
The State Of Play For Renewables In Central America (Infographic)

The renewables market in Central America is moving incredibly fast, with governments helping to create the right conditions for success: auctions in place, incentives and plans for distributed generation. But are the conditions for success really there and what is putting roadblocks to rapid expansion? How can the region fulfill its massive potential?

January 25th 2016
FERC Awards Licences to FFP New Hydro for $100m Muskingum River Projects

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.

January 24th 2016
EIB Sets Up US$174 Million Financing for Akuo Energy’s Projects

The European Investment Bank will offer as much as €164 million (US$174 million) in financing for nine renewable energy projects developed and run by Akuo Energy in France.

December 16th 2015
EBRD Makes US$100 Million Investment in Turkish Renewables Company

The European Bank for Reconstruction and Development will pay US$100 million to acquire a 20% stake in the renewable energy subsidiary of Turkish infrastructure group Akfen Holding.

December 3rd 2015
SunEdison Terminates Agreement to Acquire Stake in Renova

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.

November 27th 2015
Enel Wins Tender to Operate Two Brazilian Hydroelectric Plants

Enel Green Power has been awarded a 30-year concession for two operating hydroelectric plants with a total installed capacity of 40 megawatts in Brazil, following a public tender.

November 18th 2015
Hydro Ottawa’s 29-MW Project to Come Online in 2017

Hydro Ottawa’s 29-megawatt below-ground project will be completed in 2017, providing 20,000 homes with clean renewable energy annually.

November 12th 2015
Aquila Capital Expands Norwegian Hydroelectric Footprint

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.

November 10th 2015
Innergex Starts Operating 21.2-MW Hydroelectric Plant

Innergex Renewable Energy Inc. has started operating the 21.2-megawatt Tretheway Creek run-of-river hydroelectric facility located in British Columbia, Canada.

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