EIB finances Iberdrola´s three new dams and hydropower plants on the Tâmega and Torno rivers.

The European Investment Bank (EIB) is financing one of the most important energy sector initiatives in Portuguese history. The EU bank will provide a EUR 650m loan to Iberdrola to support a major hydro electrical project that will increase energy storage capacity in the EU, provide services to the Iberian grid operators and ultimately facilitate […]

Swedish goal of renewable electricity generation is reached 9 years in advance.

During the second quarter of 2018, investments in Swedish wind power reached the level 413 MW, according to new statistics from Swedish Wind Energy. The high investment rate makes it a priority to introduce a stop rule that balances the electricity certificate system. Otherwise, the profitability of previously made investments will be ravaged, which may […]

Germany produces enough renewable energy in six months to power country’s households for an entire year.

Germany produces enough renewable energy in six months to power country’s households for an entire year.

Germany produced enough renewable energy in the first half of 2018 to power every household in the country for a year. The nation’s combined wind, solar, biomass and hydroelectric power output hit a record 104 billion kilowatt hours (kWh) between January and the end of June, according to energy firm E.On. The figure is 9.5 […]

Statkraft signs 18-year power contract with Hydro.

Statkraft signs 18-year power contract with Hydro.

Statkraft and Hydro Energi AS have signed a new long-term power contract for the period 2021-2038. The total volume is 15.5 TWh with annual supply of 0.75 TWh from 2021 to 2030 and 1 TWh from 2031 to 2038. The contract will contribute to supplying power to Norsk Hydro ASA’s aluminium plants in Norway in […]

Glennmont seeks more than 500MW of investment opportunities in clean energy.

Glennmont seeks more than 500MW of investment opportunities in clean energy.

Glennmont Partners has expanded its investment capacity in the clean energy infrastructure space and now has three funds under management – these are Fund I (2010) and Fund II (2013), which are fully invested, and now a new third Fund (2017).  Opportunities are being sought for a portfolio of clean energy infrastructure projects in Europe. […]

Modern trap and transport facilities to be commissioned at Fortum’s Montta hydropower plant on River Oulujoki.

The regular trap and transport of salmon and trout in the River Oulujoki is set to begin. Finland’s first modern trap and transport facilities will be taken into use in Montta on the River Oulujoki on Saturday, 26 August 2017. The trap and transport facilities are a new solution to strengthen the population of migrating […]

Andritz receives €140m contract for Gouvães hydropower plant in Portugal.

Andritz receives €140m contract for Gouvães hydropower plant in Portugal.

Andritz Hydro has received a contract from the Spanish energy utility Iberdrola Generación to supply the electro-mechanical equipment and the penstock for the new pumped storage hydropower plant Gouvães in Portugal. The total value of the contract is nearly €140m. The contract includes design, manufacturing, supply, and installation supervision for the complete electro- and hydro-mechanical […]

Mabey announced involvement in two new low-head HPPs in Yorkshire.

Mabey announced involvement in two new low-head HPPs in Yorkshire.

Mabey has announced details on its involvement in the construction of two new low-head hydro power stations in Yorkshire, developed by Barn Energy and built by Eric Wright Civil Engineering. Commissioned in August 2016, the Kirkthorpe hydro power station, on the river Calder near Wakefield, Yorkshire, is sited alongside the weir that generates the drop […]

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