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EDPR Plans Portugal Wind Sale
EDP Renewables Europe is to sell a 49% stake in a portfolio of wind farms in Portugal totalling 422MW to ACE Portugal Sàrl for €242m. ACE Portugal Sàrl is owned by ACE Investment Fund II, which is a subsidiary of…
EIB Group Financing Reached EUR 1.1bn in Romania in 2016
The European Investment Bank (EIB) provided new loans worth EUR 1.04bn and the European Investment Fund (EIF – which together with EIB forms the EIB Group) executed operations in Romania totalling EUR 61m in 2016. The EU bank financed priority…
Australia Could Achieve 100 pct Renewable Energy with Hydro Storage: Research
Pumped hydro power, where water is pumped uphill and stored to generate hydroelectric electricity on demand, could help transform Australian into a 100 percent green energy nation, according to researchers at the Australian National University (ANU) on Monday. Currently, renewable…
Oregon Set to Get 56 Megawatt Solar Power Plant, Expected to be State’s Largest
Construction has commenced on a 56 megawatt (MW) solar plant in Oregon. The Gala Solar Power Plant, in Crook County, is expected to be the largest operating facility in the state, sustainable energy company SunPower said in a statement on…
Swedish Breeze Reaches Germany
Developer GP Joule will install Breeze wind farm management systems from Swedish company Greenbyte on its German assets. The German company will use the products to monitor, analyse and optimise its 23 wind farms in the country, it said. The…
Agreement Signed to Build Fask Hydropower Plant in Morocco
Qatar and Morocco are reported to have signed a partnership agreement to build the Fask hydropower plant on the Oued Sayad in Morocco. According to the Ecofin Agency website, the agreement was signed by Qatar’s ambassador to Morocco and Morocco’s…
Uganda is Set to Increase Renewable Energy Projects
Last week, the Uganda Electricity Generation Company Limited (UEGCL) signed a memorandum of understanding (MoU) with a Norwegian power company, W. Giertsen Energy Solutions for the development of renewable energy projects. Under the MoU, renewable energy projects (including solar power…