Connect with us

Hi, what are you looking for?

CleanTechnica
IHA launches $1m assessment fund for sustainable hydropower projects.

Clean Power

$1 Million Available for Sustainable Hydropower Project Certification

Hydropower projects around the globe can now apply for financing to support the cost of assessment for certification against the newly launched Hydropower Sustainability Standard.

A fund of up to US$1 million provided by the Swiss government and managed by the International Hydropower Association’s non-profit sustainability division is available to around 40 hydropower projects over the next three years.

The Hydropower Sustainability Standard is a labelling system that was launched at the 2021 World Hydropower Congress. Under the scheme, projects that undergo an independent assessment and meet minimum performance criteria are awarded with a Certified Sustainable Hydropower label.

The certification scheme has been backed by leading industry companies and international organisations, such as GE Renewable Energy, Hydro-Québec, Voith Hydro, and the International Energy Agency.

The fund will award a total of 1 million Swiss Francs (US$ 1.02m) to 40 or more hydropower projects up to 2023. Recipients will receive a grant to part sponsor the cost of commissioning an independent sustainability assessment and applying for certification.

Joao Costa, Head of Sustainability at IHA, commented: “Sustainable hydropower has a crucial role to play in the fight against climate change and decarbonising global energy grids. It is vital to ensure that future hydropower development is carried out sustainably, conserving biodiversity, protecting ecosystems and improving the lives of affected communities.”

“This fund can help hydropower developers and operators across the world to upgrade the sustainability of their hydropower projects and help generate the clean, green, sustainable hydropower needed to power the planet.”

Applications close on 8 December 2021.

In selecting projects, preference will be given to projects looking to access climate and green bonds, or for projects where the assessment is intended to achieve certification against the Hydropower Sustainability Standard as opposed to simply funding a performance assessment.

The fund is available to all projects at any stage of development and operation. Applicants will need to demonstrate a strong track record or commitment to sustainability and show that their project aligns with national or regional development policies.

The additional call for proposals is now open to projects from the following countries: Albania, Algeria, Armenia, Azerbaijan, Bangladesh, Bolivia, Bosnia-Herzegovina, Burundi, Cambodia, Colombia, Democratic Republic of Congo, Egypt, Ethiopia, Georgia, Ghana, Haiti, Honduras, Indonesia, Kenya, Kosovo, Kyrgyz Republic, Lao People’s Democratic Republic, Malawi, Moldova, Mongolia, Morocco, Mozambique, Nepal, Nicaragua, North Macedonia, Pakistan, Peru, Rwanda, Serbia, South Africa, Tajikistan, Tanzania, Tunisia, Ukraine, Uzbekistan, Vietnam, Zambia, and Zimbabwe.

Learn more about the fund and apply today.

Note: The HESG Assessment fund co-finances only the assessment, not the subsequent certification process.

 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
 

Advertisement
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

We publish a number of guest posts from experts in a large variety of fields. This is our contributor account for those special people, organizations, agencies, and companies.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

Advertisement

Advertisement

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.