Business & Finance

Norwegian utility issues US$110 million in green bonds to spark hydroelectric market growth

Long-term investments are the norm when it comes to hydroelectric projects and Nord Trøndelag Elektrisitetsverk Energi AS (NTE) is maintaining the status quo. On Nov. 19, the Steinkjer, Norway-based utility issued US$110 million in green bonds to refinance four hydroelectric projects it purchased...

Kiesewetter, Easton join management at hydro project developer American Municipal Power

American Municipal Power, which is currently developing several hydro projects, recently named Scott Kiesewetter senior vice president of generation operations and Christopher Easton vice president of business operations.

Siemens announces plan to exit marine power sector

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.

Hydropower industry job changes at MWH

MWH announces multiple promotions, including hydroelectric power

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.

China

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

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...

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

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.

Pelamis Wave Energy technology

Marine hydrokinetics company Pelamis Wave Power falls into “administration”

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 te...

Dutch pension fund invests in hydroelectric power development

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.

Energisa hydropower plants acquired

Brookfield buying renewable portfolio, including hydropower, in Brazil

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

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 d...

Hydro Industry Financials

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