Minesto has completed a reorganization that led to a 35% reduction in fixed costs and a focus on its future commercial projects. This reorganization includes geographical streamlining, a new management team, and a realignment of product development priorities.
Eco Wave Power shareholders approve renewed authorization to repurchase American Depositary Shares representing up to 10% of the company's total share capital, during the 2025 Annual General Meeting held in Stockholm, Sweden.
Proteus Marine Renewables' AR1100 tidal turbine, with a capacity of 1.1MW, obtains official Japanese certification and starts supplying electricity to the national grid after meeting stringent safety and reliability standards.
Swedish company Minesto will lead a consortium awarded €2.1 million funding to install an autonomous tidal-powered microgrid in the Faroe Islands aimed at off-grid communities.
Eco Wave Power Global AB will officially launch the first U.S. pilot wave energy project at the Port of Los Angeles on September 9, in partnership with AltaSea, an organization specializing in innovative maritime solutions.
The Burundian government officially launches the first phase of the Jiji-Mulembwe hydroelectric complex, a strategic 49.5 MW capacity project aimed at enhancing national energy supply through substantial international financing.
The Russian company InterRAO anticipates a 4% annual reduction in electricity exports, primarily impacted by a significant decrease in shipments to China due to limited hydroelectric production and rising domestic demand.
The global hydropower plants market is projected to reach USD 318.3 billion by 2032, driven by growing demand for renewable energy, increased adoption of micro-hydropower plants, and heightened government support, according to a recent report.
Port-au-Prince is without electricity after residents of Mirebalais forcibly shut down a hydroelectric plant protesting government inaction amid escalating gang-related violence.
Globeleq acquires a majority stake in Lunsemfwa Hydro Power Company, marking its entry into the Zambian energy market with two hydropower plants and a solar project.
The Asian Development Bank provides nearly a million dollars for improving Kyrgyzstan's energy system and considers an additional $150 million for the strategic Kambarata-1 hydroelectric dam.
Ukraine’s national operator Ukrhydroenergo announces an ambitious two-phase reconstruction plan to swiftly restore the Kakhovka hydroelectric dam, destroyed during the conflict, at an estimated cost of up to one billion dollars.
Swedish energy developer Minesto confirmed a 25% increase in output from its Dragon 12 tidal system, marking a key step towards commercial deployment in the Faroe Islands.
Axpo will start major works in May around its Beznau hydropower plant to meet the requirements of its new operating permit valid until 2052, including the creation of new ecological habitats.
Norwegian group Orkla announces the sale of its hydropower portfolio through two separate transactions, valuing the assets at NOK 6.1 billion. A strategic decision aimed at streamlining operations and refocusing priorities.
Eastern Kazakhstan plans to construct five hydropower plants with a total capacity of 74.3 MW, consolidating its position as a national leader in hydropower despite challenges related to land allocation.
Adani Group, a leader in renewable energy, plans to develop 10 GW of hydroelectric capacity in several Asian and African countries, including Bhutan, Nepal, Kenya, and Vietnam, to strengthen its green portfolio and achieve carbon neutrality by 2050.
The international technology group ANDRITZ has been selected to upgrade one of the units of Norway's largest run-of-river hydropower plant, Vamma, increasing its capacity by 22% while improving its energy efficiency.
Eco Wave Power and Lian Tat Sign a Historic Agreement to Develop the First Onshore Marine Energy Installation in Asia, Starting with a 100KW Pilot Project in Taiwan.
Uganda is undertaking the construction of three hydropower plants on the Nile to add 1,632 MW to its electricity capacity while exploring nuclear initiatives to diversify its energy mix in response to growing demand.
Romania's Minister of Energy, Sebastian Burduja, asserts that no concessions will be made regarding power generation at the Iron Gates 1 and 2 hydroelectric plants.
Eco Wave Power inaugurates its first wave energy project in Porto, Portugal, marking a milestone for renewable energies with the forthcoming opening of an underwater museum dedicated to this technology.
Kazakhstan and the Asian Development Bank (ADB) sign a strategic agreement to develop hydropower projects, targeting a total capacity of 600 MW.
This agreement will mobilize private investment to transform Kazakhstan's energy sector.
TotalEnergies signs an agreement with Scatec, a Norwegian renewable energy company, to acquire 100% of **SN Power**, including interests in hydroelectric projects in Africa.
This strategic transaction is designed to support the continent's energy transition.
Eco Wave Power, headed by Inna Braverman, wins the EDF Pulse 2024 award for its innovative wave energy technology, marking a significant advance in decentralized energy systems.
Ocean Energy USA LLC installs a grid-scale hydrokinetic converter at the US Navy test site in Hawaii, marking a major breakthrough in marine energy technologies.
France's wind energy industry is ready to launch Europe's most powerful wind farm, located in Normandy. This pioneering project, supported by the French government, marks a turning point towards greater exploitation of ocean currents to meet growing energy needs.
Global hydropower is set to rise sharply in 2024, after a five-year decline, reducing the use of fossil fuels. The main producing regions, such as China, Brazil and the United States, recorded significant increases.
By 2023, marine renewable energies, dominated by offshore wind power, had generated over 8,300 jobs and doubled their sales, with strong growth in exports.
Empresas Públicas de Medellín's (EPM) 2.4 GW hydroelectric project, Ituango, has been awarded silver certification by the Hydropower Sustainability Alliance (HSA), marking a significant recognition of its sustainable environmental, social and governance (ESG) practices.
Ukrainian hydropower regulator Ukrhydroenergo is committed to restoring 1 GW of generating capacity before winter, and is considering long-term construction projects for a further 2.4 GW.
