CAI, Rye Development to partner on construction of 22 hydroelectric projects in U.S.

Climate Adaptive Infrastructure, LLC (CAI) announced it is funding the construction of 22 hydroelectric projects (to be developed under the name Rye Hydro) at existing non-powered dams (NPDs) in the eastern U.S., alongside Rye Development LLC. CAI is an infrastructure investment firm specializing in low-carbon real assets in the energy, water and transport sectors. Rye […]

Hydro to add 18% of generation in Africa by 2030, but fossil fuels will dominate

New research from the University of Oxford predicts that total electricity generation across the African continent will double by 2030, and fossil fuels will continue to dominate the energy mix – posing potential risk to global climate change commitments. The study, published in Nature Energy, uses a machine-learning technique to analyze the pipeline of more […]

DORE’s first investment since IPO involves eight Swedish hydropower plants

Downing Renewables & Infrastructure Trust plc (DORE) has exchanged contracts to acquire its first investment, a portfolio of eight operational hydropower plants in central and southern Sweden. The portfolio is being acquired from Fortum Sweden AB for a price of €64.5 million (US$79.3 million) on a debt- and cash-free basis, and the transaction is expected […]

IRENA and Ocean Energy Europe partner to drive ocean energy industry

Ocean Energy Europe and the International Renewable Energy Agency have signed a memorandum of understanding to “deepen existing cooperation to accelerate the commercialization of ocean energy technologies, by promoting the right policy incentives and innovative business models in Europe and globally.” The MoU was signed by Rémi Gruet, chief executive officer of OEE, and Francesco […]