More Business Transactions & Transitions

Siemens announces plan to exit marine power sector

11/25/2014

Technology and equipment giant Siemens AG has decided to sell its tidal energy company, Marine Current Turbines Ltd., citing slow development in the marine and hydrokinetics sector.

MWH announces multiple promotions, including hydroelectric power

11/25/2014

MWH Global has promoted three employees to senior vice president, according to a press release issued by the company, which is a provider of water and natural resources solutions for built infrastructure, including hydroelectric power, and the environment.

Run-of-river US$1.5 billion 510-MW Zangmu hydroelectric project begins generating power

11/25/2014

At a cost of US$1.5 billion, the 510-MW Zangmu hydroelectric project in Gyaca County, Shannan Prefecture, of China's Tibet Autonomous Region began producing a portion of its total generating capacity on Nov. 22. The run-of-river project is located on the Brahmaputra River (Yarlung Tsangpo, as it is known in Tibet).  

Fitch: Issues have pushed back some hydro project work for AMP

11/25/2014

Fitch Ratings on Nov. 21 said it has affirmed the 'A' rating on bonds that support three American Municipal Power Inc. (AMP) hydroelectric projects on the Ohio River.

Marine hydrokinetics company Pelamis Wave Power falls into “administration”

11/24/2014

Blair Nimmo and Gary Fraser of KPMG have been appointed as joint administrators of Pelamis Wave Power, based in Edinburgh, Scotland. Pelamis officials announced Nov. 21 the wave energy company has been unable to secure additional funding required for further development of Pelamis’ wave energy technology.

Dutch pension fund invests in hydroelectric power development

11/21/2014

The Dutch General Pension Fund for Public Employees (ABP) has closed an investment that will give it a 33% stake in Norwegian hydropower project operator Tinfos AS from French mining group Eramet.

Brookfield buying renewable portfolio, including hydropower, in Brazil

11/20/2014

Brookfield Renewable Energy Partners LP is buying a 488-MW renewable energy portfolio in Brazil, including 163 MW of hydropower, from Energisa S.A. for $545 million.

JSW buys 300-MW Baspa II, 1,091-MW Karcham Wangtoo hydroelectric plants in India for US$1.8 billion

11/19/2014

JSW Energy Ltd. (JSW) and Jaiprakash Power Ventures Ltd. (JPVL) executed an acquisition deal worth about US$1.8 billion for two of three power-generating facilities listed on a Sept. 24, binding Memorandum of Understanding (MoU). The 100% acquisition of two plants was executed in Mumbai, in the district of Maharashtra, India, on Nov. 15. 

NorthWestern Energy closes deal to purchase PPL Montana hydroelectric facilities

11/19/2014

NorthWestern Energy has closed on the previously announced $900 million purchase of 11 hydroelectric facilities with a total capacity of 633 MW, as well as one storage reservoir, from electricity generator PPL Montana.

Register for HydroVision Russia 2015 now and save

11/19/2014

Time is running out to receive a special early registration rate for HydroVision Russia 2015.

World Bank seeks consultant to evaluate, expand Central Asia energy, water program

11/18/2014

The World Bank invites expressions of interest from consultants to evaluate the Central Asia Energy-Water Development Program and provide data to guide the program in the future.

Wanapum, Priest Rapids rehab projects contribute to Grant PUD rate increase

11/17/2014

Ongoing repairs and upgrades to the Wanapum and Priest Rapids dams will translate to slightly higher rates for ratepayers, according to the Grant County Public Utilities District.

IHA calls for candidates for Mosonyi Award for Excellence in Hydropower

11/17/2014

The International Hydropower Association is now accepting proposals for candidates for its 2015 Mosonyi Award for Excellence in Hydropower.

Bucher appointed CFO of electricity provider Alpiq

11/13/2014

Thomas Bucher will become chief financial officer of Swiss electricity provider Alpiq in April 2015. Bucher also replaced Patrick Mariller as a member of the company’s executive board.

Gravity Renewables to supply hydroelectric power to New York under remote net metering agreement

11/12/2014

Gravity Renewables will provide 10 million kWh per year in small hydroelectric power through a partnership with the Municipal Gas and Electric Alliance (MEGA), the Colorado-based energy developer and operator announced earlier this month.

Higher rates could help pay for hydropower project upgrades, rehab in Newfoundland and Labrador

11/11/2014

Provincial energy corporation Nalcor Energy has filed an amended General Rate Application (GRA) via its subsidiary, Newfoundland and Labrador Hydro, that could increase the province's electricity rates to help pay for modernization and upgrade programs.

Tocardo signs deal for 28 MW marine power project off South Korean coast

11/11/2014

South Korean developer Ekornergy has signed an agreement with Dutch manufacturer Tocardo Tidal Turbines for the installation of a 28 MW marine power project.

EBRD arranges financing for Georgia's 108-MW Dariali hydroelectric plant

11/10/2014

The European Bank for Reconstruct6ion and Development has arranged a US$80 million syndicated loan to JSC Dariali Energy for the development, construction and operation of the 108-MW Dariali hydropower plant.

Burundi seeks audit, procurement assistance for 31.5-MW Jiji, 16.5-MW Mulembwe hydro projects

11/10/2014

Burundi's water and electric utility invites expressions of interest from consultants for a financial audit and for organization of procurement procedures for the 31.5-MW Jiji and 16.5-MW Mulembwe hydroelectric projects being developed in Burundi's Bururi Province.

RusHydro, Chinese conglomerates sign deals for conventional, pumped-storage development

11/10/2014

Energy giant RusHydro has announced the signing of two agreements with Chinese businesses that could lead to the development of five hydroelectric power projects in Russia.

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