Indian Cabinet approves US$854.4 million investment for 900-MW Arun 3 hydropower project located in Nepal

India’s Cabinet Committee on Economic Affairs announced today it has approved investment for the generation component of the 900-MW Arun 3 hydropower project on Arun River in Sankhuwasabha district of eastern Nepal, for an estimated Rs. 5723.72 crore (US$854.4 million).
 

10.6-MW Pulanai hydropower plant being constructed in Philippines suffers attack

The Philippines Department of Energy (DOE) released a report today saying its US$133.4 million 10.6-MW Pulanai hydropower plant being constructed in the southern province of Bukidnon on the Island of Mindanao, was attacked by armed individuals on Feb. 25.

Increased cost, delayed commissioning date announced for 695-Keeyask hydropower plant in Manitoba

The partnership between Manitoba Hydro and four First Nations via the Keeyask Hydropower Limited Partnership (KHLP) announced a significant increase in its control budget and a revised commissioning date for the 695-MW Keeyask Generating Station in a statement on March 7.
 

European marine energy Cofund Joint Call 2017 set for March 20

A European marine energy project program under the new Ocean Energy ERA-Net Cofund (Oceanera-NET Cofund) is proceeding with stage two, Cofund Joint Call 2017, on March 20.  

FORESEA awards US$11.8 million to develop offshore renewable energy technologies

The user selection board of the €11 million (US$11.8 million) Funding Ocean Renewable Energy through Strategic European Action (FORESEA) project has awarded “Recommendations for Support” to 15 offshore renewable energy technologies, according to an announcement today from FORESEA.  

Viewpoint: UK Prime Minister mentions of certainty and policy could ultimately affect Europe’s marine energy industry

In a portion of her statement delivered yesterday to the European Union, United Kingdom Prime Minister Theresa May said, “I hereby notify the European Council in accordance with Article 50 of the Treaty on European Union of the United Kingdom's intention to withdraw from the European Union.”
 

The Power of Salt

Where the river meets the sea, there is the potential to harness a significant amount of renewable energy, according to a team of mechanical engineers at MIT.

South Africa Seeks to Improve Process for Renewable Energy Deals

South African Energy Minister Tina Joemat-Pettersson said her department wants to address weaknesses in the process of commissioning renewable-power projects.

Expect $1.6 Trillion in Clean Energy Investments Through 2020, Says IEA

Investments in new clean-energy capacity will total $1.61 trillion through 2020 even as the expansion of renewables is expected to slow, the International Energy Agency said.

Divesting from Fossil Fuels: Last One Out Loses

A new report written by Nathaniel Bullard at Bloomberg New Energy Finance (BNEF) highlights the difficulties large institutional investors would have divesting from fossil fuels. What it does not specifically discuss is that these difficulties could lead to large financial losses for investors who see the difficulty of divesting as a reason to delay.