Ruzizi III, a hydroelectric power project shared by Rwanda, Burundi and the Democratic Republic of Congo, is in line to get an extra $24.17 million from the African Development Bank (AfDB).
The UK utility SSE has announced that it is selling a 49.9 per cent stake in the 350 MW Clyde wind farm in South Lanarkshire, Scotland, for £355 million.
Siemens and the Moroccan Government have agreed that Siemens will build a factory in Morocco to manufacture rotor blades for onshore wind turbines, creating up to 700 jobs. Construction of the factory is scheduled to start I spring 2016, and it is scheduled to start operations in spring 2017.
Georgia Power has announced that it has completed the issuance of $325 million of Green Bonds, becoming the first retail electric utility in the USA to offer this type of security to support investment into renewable generation.
The US Energy Information Administration (EIA) has, in its latest monthly Short Term Energy Outlook, said that it expects lower natural gas prices to result in natural gas powering 33.4 per cent of US electricity generation in 2016, compared with 32 per cent for coal.
Bechtel has announced that it will join forces with BWX Technologies to accelerate development of a factory-built nuclear reactor with the goal of producing the world’s first viable Generation III plus plus modular nuclear power plants.