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Seeing Beyond the Wall of Capital

In the United States, despite the continued spread of COVID-19 and the uneven approach to reopening, where that is even occurring, deals in the renewable energy sector are happening. In a recent article for Project Finance International, Chris Gladbach and Seth Doughty discussed the state of the US market for renewable power projects, including how investments (and investment styles) have changed, new technologies and more. Access the article. Republished with permission from Refinitiv Project Finance International.

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DOE Announces Funding for Hydrokinetic Power Projects

by Bethany Hatef The Department of Energy (DOE) announced last week that it will commit $16 million toward 17 projects to capture energy from waves, tides and currents.  In a press release, DOE stated that the commitment is “part of the Obama Administration’s all-of-the-above strategy to deploy every available source of American energy.”  Although DOE’s committed funds are relatively modest, they may spur the growth of a largely untapped but potentially significant clean source of domestic power. Wave and tidal, or hydrokinetic, energy, a renewable fuel source, may be captured where large volumes of water are moved (e.g., changing tides and currents).  According to DOE, development of this resource may supply clean and reliable power to millions of homes, including in many coastal U.S. cities with high power demands.  DOE’s latest assessments found that wave and tidal energy could potentially generate up to...

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