US- based Hydro Green Energy has secured equity capital and project development investment from Providence Renewables for development of its 1,000 MW pipeline of hydro projects.

The company plans to hire additional technical, commercial and regulatory personnel to aid in the development of the projects.

Hydro Green Energy said it will also invest in research and development of its innovative hydropower technologies.

It can now deliver baseload renewable energy that is cost competitive with fossil fueled resources.

The renewable energy development company is presently developing 34 low-head hydropower projects across the US.