Brazil’s 11.2-GW Belo Monte hydropower plant in the Amazon rainforest will start operating at full capacity, after clearance from regulator Aneel was received earlier this week. According to BNamericas, the 18-turbine project on the Xingú River in Pará state is operated under a 35-year concession contract by the Norte Energia consortium, which includes state-run Eletrobras, Eletronorte,...
Utility companies are strengthening their hold on the large-scale solar business according to the latest ranking published by Wiki-Solar. Five of the top 9 project developers – and nine of the top-12 plant owners – are mainstream energy companies. This list of the top project developers, based on cumulative capacity, shows their overall position and...
The value of global power and utility merger and acquisitions reached an all-time high of $180bn in the first half of this year – and renewables accounted for almost half of all deals done in the second quarter.
China Three Gorges New Energy Co. started building the 150-megawatt project in July and part of the plant has connected to the grid, according to a Dec. 10 statement. The project features panels fixed to floats on the surface of a lake that formed after a coal mine collapsed, according to the unit. The entire facility is expected to come online by May 2018.
Heavy rains along its western border are giving Brazil's Itaipu plant a boost in its power production just when the South American country needs it most.
According to the latest Bloomberg New Energy Finance (BNEF) figures, clean energy investments during second quarter of 2017 reached US$64.8 billion globally, up 21 percent from the first quarter this year. Of that amount, wind energy accounted for US$26.2 billion in new investments over the second quarter.
Companhia Energetica de Minas Gerais (Cemig) of Brazil recently released its first quarter earnings and revealed it has already spent almost half of its forecast investment total for 2016, spending BRL2.15 billion (US$610 million) from January to March, according to BNamericas.
The New Development Bank (NDB), which has an authorized capital of US$100 billion, could provide additional opportunities to fund development of new hydroelectric projects.
Wang Shaofeng, executive vice-president of China Three Gorges International Corp., a Beijing-based subsidiary of China Three Gorges Corp., reports the company will bid to build and operate the planned 8,000-MW Tapajos hydroelectric facility on the Tapajos River in Brazil.
Against the rapidly evolving landscape of renewable energy, hydropower remains the world’s primary source of clean energy — providing over 80 percent of renewable energy capacity, according to the International Energy Agency (IEA).