20 January 2017 10:04 AM GMT

Speaking on this, Rahul Shah, CEO & Executive Director, Tata Power Renewable Energy Limited, said, “With the commissioning of these 2 projects, TPREL continues to fortify its position of being the largest renewable energy company in the country. Our strategic approach is in line with Tata Power’s aim to expand its clean energy portfolio up to 35-40% by 2025. We are extremely proud of this development and we continue to seek to grow our portfolio in India and in select international markets through organic and inorganic opportunities.”

January 16th 2017
Enel Signs $115m USD Loan Agreement To Promote Renewable Investments In Brazil

The Enel Group and the Brazilian Development Bank, the main financing agency for development in Brazil, have signed a 20-year term loan agreement worth around $115m USD to promote renewable investments. The funding will also cover part of the investment required to build the recently inaugurated 102 MW Apiacas hydropower cluster, located in the state of Mato Grosso in Brazil’s Central-West Region. “We’re extremely pleased with the outcome of this transaction, which is a testament to the solidity of our Brazilian business,” said Francesco Venturini, Enel’s Head of Global Renewable Energies.

October 9th 2016
US, Canada Boost MIT Research On Clean Energy Sources Of Electricity

Hydro-Québec has announced it will provide a total of CA$100,000 over a 2-year period to research spearheaded by the MIT climate change think tank, Ouranos, located in Montréal, and the business school HEC Montréal, also in Montreal. The agreement provides for the development and implementation of a vital modeling tool that will be available for climate change researchers. The tool focuses on Québec and New England and will seek to identify opportunities for optimal expansion of renewable energy sources in the two regions, including expanded trade in electricity.

July 4th 2016
Africa Sets 300GW by 2030 Clean Energy Target

Africa has launched the African Renewable Energy Initiative which aims to produce 300 gigawatts of clean energy for the continent by 2030.

April 21st 2016
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.

 
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.

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