More Business Transactions & Transitions

France inaugurates Le Croisic MHK test site


On Aug. 25, France officially inaugurated the Site d’ Experimentation en Mer (SEM-REV) at Le Croisic, Brittany, France on the country’s west coast. The site will test marine hydrokinetic (MHK) energy systems and floating wind turbines in open sea conditions. 

China Three Gorges buys majority shares in two Brazilian hydropower projects


Brazilian infrastructure group Triunfo Participacoes e Investimentos S,A. .has agreed to sell its controlling stakes in three energy generating subisidiaries to the China Three Gorges Corp., the company announced earlier this week.

Manitoba Hydro reports $60 million drop in net income for 2014-2015


Canadian provincial utility Manitoba Hydro reported consolidated net income of $114 million for the fiscal year ended March 30, 2015, down $60 million from last year.

FFP New Hydro closes loan facility for 21 hydropower projects


FFP New Hydro LLC has closed a senior loan facility through Crestline Investors Inc. to develop a portfolio of 21 run-of-river hydropower plants across a five-state area.

Indonesia's PLN signs agreement to develop commercial tidal power plant


State-owned utility PT Perusahaan Listrik Negara (PLN) and British marine and hydrokinetic developer SBS Intl. Ltd. have signed a memorandum of understanding to develop an ocean energy project in Indonesia.

Yalong River Hydropower Ltd. to issue US$155 million in 270-day bills


On Aug. 25, Yalong River Hydropower Development Co. Ltd. (YRDC) announced it would issue US$155 million (RMB 1 billion) in unsecured super short-term bills with a maturity of 270 days on the interbank market on Aug 26. 

Eagle Creek expands small hydro portfolio with construction, acquisition


Eagle Creek Renewable Energy LLC has broken ground on a pair of small hydropower projects Vermont and acquired another in New Hampshire, the New Jersey-based company has announced.

Redesigned Video Gallery


Hydropower news and information, and interesting promotional announcements are now available in a convenient, redesigned location: the Video Gallery. 

Speaking out for hydro


In January, a columnist with Canada’s The Globe and Mail newspaper wrote an opinion editorial entitled “Big Hydro’s big days are behind it.”

Canada invests C$115,000 for virtual tidal energy atlas


Earlier this month, the government of Canada announced an investment of C$65,000, through the Atlantic Canada Opportunities Agency’s (ACOA) Innovative Communities Fund (ICF), in support of an online tidal energy atlas. This platform gathers physical, environmental and infrastructure data from tidal sites along the Bay of Fundy and makes this information accessible online. 

Low water in Lake Kariba lessens hydro production in Zambia


The amount of water in Lake Kariba is at its lowest in 20 years, with the reservoir being just 40% full in July, according to multiple news sources.

Seattle City Light evacuates 711-MW Skagit hydropower project amidst wildfire


Safety concerns raised by wildfires have forced utility Seattle City Light to evacuate employees from the town of Diablo, the nearby 711-MW Skagit hydropower complex and the North Cascades Institute's Environmental Learning Center.

Pakistani 969-MW Neelum-Jhelum hydroelectric project Planning Commission seeks audit


This week, the Planning Commission for the 969-MW Neelum-Jhelum hydroelectric project (NJHP) being constructed in Pakistan has asked the government to conduct an independent audit of reported completed work on the project prior to approving new expenditures. 

Appalachian Power promotes Jones to manage hydroelectric facilities


Bradley R. Jones is now manager of hydro operations for Appalachian Power, replacing Frank M. Simms, who retired July 31.

Nigeria inaugurates 400-kW Tunga small hydroelectric project


Power to Sardauna, Taraba, Nigeria has increased with the Aug. 14 commissioning of the 400-kW Tunga hydroelectric project on the Donga River.  

Brazil's Colider, Baixo Iguacu hydropower projects receive Copel financing


An earnings statement from Copel shows the Brazilian utility intends to spend about US$100 million on a pair of large hydropower plants in the second half of this year.

Leadership changes at turbine manufacturer Weir American Hydro


Turbine manufacturer Weir American Hydro has announced several leadership changes.

Black & Veatch celebrates 100 years


On Aug. 12, Black & Veatch marked 100 years of providing critical infrastructure solutions for clients around the world. Founded with 12 employees in 1915 by Ernest Bateman Black and Nathan Thomas Veatch, the company now has more than 10,000 employees worldwide and provides energy, telecommunications and water solutions in more than 100 countries. 

Lenders to take over 500-MW Teesta VI project in India


Reports indicate that several companies that have lent money to Lanco Teesta Hydro Power Pvt Ltd are converting their outstanding loans into 51% equity in the company, after the borrower fell behind on repayments.

Investment firm looking to sell Pacific Hydro


Reports indicate Pacific Hydro could be sold for more than AUD$2 billion (US$1.5 billion). Interested companies cited by various sources to date range from AES Corp. to Statkraft AS to TerraForm Power Inc.

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