<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title>greenhouse gas (GHG) emissions Archives • The Electricity Hub</title> <atom:link href="https://theelectricityhub.com/tag/greenhouse-gas-ghg-emissions/feed/" rel="self" type="application/rss+xml" /> <link>https://theelectricityhub.com/tag/greenhouse-gas-ghg-emissions/</link> <description>Collating and Disseminating Credible Power Industry Data and Information</description> <lastBuildDate>Fri, 21 Feb 2025 10:31:58 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=6.7.2</generator> <image> <url>https://theelectricityhub.com/wp-content/uploads/2020/11/cropped-NEH-32x32.png</url> <title>greenhouse gas (GHG) emissions Archives • The Electricity Hub</title> <link>https://theelectricityhub.com/tag/greenhouse-gas-ghg-emissions/</link> <width>32</width> <height>32</height> </image> <item> <title>ACWA Power Inks $2.3B Deal for Egypt’s Largest 2 GW Wind Farm</title> <link>https://theelectricityhub.com/acwa-power-inks-2-3b-deal-for-egypts-largest-2-gw-wind-farm/</link> <comments>https://theelectricityhub.com/acwa-power-inks-2-3b-deal-for-egypts-largest-2-gw-wind-farm/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Fri, 21 Feb 2025 10:31:35 +0000</pubDate> <category><![CDATA[Carbon Emissions]]></category> <category><![CDATA[Climate Change]]></category> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[News]]></category> <category><![CDATA[North Africa]]></category> <category><![CDATA[Off-Grid]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[Acwa Power]]></category> <category><![CDATA[climate goals]]></category> <category><![CDATA[Egypt]]></category> <category><![CDATA[greenhouse gas (GHG) emissions]]></category> <category><![CDATA[Wind Farm]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=100171</guid> <description><![CDATA[<p>ACWA Power signed a 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) to build a 2-gigawatt (GW) wind farm. The project will cost USD 2.3 billion… </p> <p>The post <a href="https://theelectricityhub.com/acwa-power-inks-2-3b-deal-for-egypts-largest-2-gw-wind-farm/">ACWA Power Inks $2.3B Deal for Egypt’s Largest 2 GW Wind Farm</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">ACWA Power signed a USD 2.3 billion deal with Egypt’s EETC to develop a 2 GW wind farm, the largest in the country, set for completion by 2026.</li> <li class="">The wind farm will reduce CO₂ emissions by 3.5 million tonnes annually, supporting Egypt’s goal of achieving 42% renewable energy by 2030.</li> <li class="">The project boosts Egypt’s renewable energy capacity, creating jobs and attracting foreign investments while positioning the country as a regional leader in clean energy.</li> </ul> <p class="">ACWA Power signed a 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (<a href="https://energynews.pro/en/acwa-power-to-develop-egypts-largest-wind-farm-with-2-gw-by-2026/">EETC</a>) to build a 2-gigawatt (GW) <a href="https://theelectricityhub.com/?s=wind+farm">wind farm</a>. The project will cost USD 2.3 billion and aims to be completed by 2026.</p> <p class="">This wind farm will surpass the 1.1 GW Suez facility, becoming Egypt’s largest. Egypt continues pushing its efforts to boost <a href="https://theelectricityhub.com/?s=renewable+energy">renewable energy</a> and reduce reliance on fossil fuels. The government targets 42% renewable energy in its mix by 2030.</p> <p class="">ACWA Power leads Egypt’s renewable energy sector. With 4.8 GW of installed capacity and USD 8.8 billion in total investments, the company solidifies its presence with this project. The wind farm will slash CO₂ emissions by over 3.5 million tonnes annually, aligning with Egypt’s Paris Agreement commitments to reduce <a href="https://theelectricityhub.com/?s=greenhouse+gases">greenhouse gases</a>.</p> <p class="">Egypt’s favourable location supports renewable energy development. Strong winds and ample sunlight make it a prime spot for solar and wind projects. ACWA Power also spearheads initiatives, such as the 120 MW solar park in Benban and the 200 MW facility in Kom Ombo.</p> <p class="">Egypt moves to diversify its energy sources through this project. The country seeks to lead the region’s energy transition by ramping up renewable capacity. The wind farm will meet growing energy demand while contributing to global <a href="https://theelectricityhub.com/?s=climate+goals">climate goals</a>.</p> <p class="">In recent years, Egypt has prioritised clean energy expansion. Renewable projects like this wind farm remain vital in cutting the country’s <a href="https://theelectricityhub.com/?s=carbon+footprint">carbon footprint</a>. The government aggressively works toward renewable energy goals to reduce dependency on imported fossil fuels.</p> <p class="">The wind farm will generate jobs and boost the local economy. It will also draw more foreign investments into Egypt’s renewable energy sector. ACWA Power underscores the critical role of private developers in propelling Egypt’s energy transition forward.</p> <p class="">Egypt’s ambitious goals align with international accords like the Paris Agreement. By growing its renewable energy share, the country positions itself as a leader in combating climate change. This wind project stands as a crucial part of that strategy.</p> <p class="">Beyond environmental gains, the wind farm will enhance Egypt’s energy security. Expanding renewable energy reduces the country’s exposure to global energy price volatility and helps stabilise its economy.</p> <p class="">This project marks a significant step toward Egypt’s 2030 renewable energy targets. The country’s commitment to <a href="https://theelectricityhub.com/?s=clean+energy">clean energy</a> brings long-term economic and environmental benefits. ACWA Power’s involvement highlights the importance of private partnerships in achieving national and global energy goals.</p> <p class="">The 2 GW wind farm showcases a significant investment in Egypt’s future, contributing to energy production and sustainability. As the country’s largest wind facility, it plays a pivotal role in Egypt’s renewable energy agenda.</p> <p>The post <a href="https://theelectricityhub.com/acwa-power-inks-2-3b-deal-for-egypts-largest-2-gw-wind-farm/">ACWA Power Inks $2.3B Deal for Egypt’s Largest 2 GW Wind Farm</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/acwa-power-inks-2-3b-deal-for-egypts-largest-2-gw-wind-farm/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Lénéo Launches Biogas Plant to Boost France’s Green Energy Transition</title> <link>https://theelectricityhub.com/leneo-launches-biogas-plant-to-boost-frances-green-energy-transition/</link> <comments>https://theelectricityhub.com/leneo-launches-biogas-plant-to-boost-frances-green-energy-transition/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Thu, 20 Feb 2025 10:28:28 +0000</pubDate> <category><![CDATA[Carbon Emissions]]></category> <category><![CDATA[Climate Change]]></category> <category><![CDATA[Distribution]]></category> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[International News]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Off-Grid]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[Clean Energy]]></category> <category><![CDATA[climate goals]]></category> <category><![CDATA[energy production]]></category> <category><![CDATA[greenhouse gas (GHG) emissions]]></category> <category><![CDATA[Lénéo]]></category> <category><![CDATA[renewable energy infrastructure]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=100138</guid> <description><![CDATA[<p>Lénéo, a renewable energy company, has launched a biogas production unit at the former Tereos distillery in Morains, located in the Aisne department. The plant will begin operations in 2024,… </p> <p>The post <a href="https://theelectricityhub.com/leneo-launches-biogas-plant-to-boost-frances-green-energy-transition/">Lénéo Launches Biogas Plant to Boost France’s Green Energy Transition</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">Lénéo launches a biogas plant at the former Tereos distillery in Morains, set to produce millions of cubic meters annually by 2024.</li> <li class="">The project uses organic waste to generate biogas, contributing to France’s decarbonisation goals and reducing reliance on fossil fuels.</li> <li class="">Backed by public and private funding, Lénéo’s initiative strengthens the country’s renewable energy supply and supports local market demand.</li> </ul> <p class="">Lénéo, a renewable energy company, has launched a biogas production unit at the former <a href="https://energynews.pro/en/leneo-to-launch-biogas-production-at-the-former-tereos-distillery-in-morains/">Tereos distillery</a> in Morains, located in the Aisne department. The plant will begin operations in 2024, producing several million cubic meters of biogas annually. This <a href="https://theelectricityhub.com/?s=greenhouse+gas+emissions">renewable energy</a> source will meet local demand and support France’s decarbonisation efforts.</p> <p class="">The project generates biogas by converting organic waste from the distillation process. Lénéo aims to offer a green alternative to natural gas and contribute to the country’s growing focus on sustainable energy. France continues its push to reduce <a href="https://theelectricityhub.com/?s=greenhouse+gas+emissions">greenhouse gas emissions</a>; biogas is vital in the energy transition.</p> <p class="">The Morains plant will help diversify France’s renewable gas supply to meet the increasing demand for clean energy. Lénéo will supply biogas to local markets and assist in reducing the country’s dependence on fossil fuels. The facility also addresses the national goal of lowering the country’s <a href="https://theelectricityhub.com/?s=carbon+footprint">carbon footprint</a>.</p> <p class="">Lénéo collaborates with local and national stakeholders to carry out the project. Various public and private institutions provide financial backing, reflecting strong support for renewable energy development. The company has also worked with industry experts to introduce advanced mechanisation technology that maximises <a href="https://theelectricityhub.com/?s=energy+production">energy production</a> and reduces environmental impact.</p> <p class="">France’s biogas market has experienced rapid growth, driven by favourable government policies promoting renewable gas production. Financial incentives and regulatory support have accelerated the sector’s development. Lénéo taps into these opportunities to expand its biogas portfolio, and the Morains project significantly strengthens France’s <a href="https://theelectricityhub.com/?s=renewable+energy+infrastructure">renewable energy infrastructure</a>.</p> <p class="">As new biogas units come online, France aims to reduce its energy dependence and enhance supply security. The Morains plant forms part of a national initiative to diversify energy sources and increase clean, renewable energy production.</p> <p class="">Biogas holds a critical role in France’s decarbonisation strategy. With the rising demand for renewable energy, biogas will benefit industries and households as the country transitions to a cleaner future. The Morains facility joins several initiatives nationwide, all working to reduce emissions and ensure energy security.</p> <p class="">Lénéo expects the increasing demand for clean energy to drive the growth of its renewable energy operations. The Morains project is a key part of the company’s strategy to strengthen its presence in the biogas market. As France progresses toward its <a href="https://theelectricityhub.com/?s=climate+goals">climate goals</a>, the biogas sector is positioned for further growth, making such projects essential to the <a href="https://theelectricityhub.com/?s=energy+transition">energy transition</a>.</p> <p class="">Lénéo’s investment in biogas demonstrates its commitment to renewable energy. The Morains facility is essential in France’s path to a cleaner, <a href="https://theelectricityhub.com/?s=greener+future">greener future</a>.</p> <p>The post <a href="https://theelectricityhub.com/leneo-launches-biogas-plant-to-boost-frances-green-energy-transition/">Lénéo Launches Biogas Plant to Boost France’s Green Energy Transition</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/leneo-launches-biogas-plant-to-boost-frances-green-energy-transition/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Brazil Joins OPEC, Amplifies Global Oil Influence</title> <link>https://theelectricityhub.com/brazil-joins-opec-amplifies-global-oil-influence/</link> <comments>https://theelectricityhub.com/brazil-joins-opec-amplifies-global-oil-influence/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Thu, 20 Feb 2025 09:24:25 +0000</pubDate> <category><![CDATA[Carbon Emissions]]></category> <category><![CDATA[Distribution]]></category> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[International News]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Off-Grid]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[Brazil]]></category> <category><![CDATA[cleaner energy]]></category> <category><![CDATA[energy sector]]></category> <category><![CDATA[greenhouse gas (GHG) emissions]]></category> <category><![CDATA[OPEC]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=100136</guid> <description><![CDATA[<p>On February 18, 2025, Brazil officially joined the Organization of the Petroleum Exporting Countries (OPEC), marking a key moment in its energy strategy. This move boosts Brazil’s influence in the… </p> <p>The post <a href="https://theelectricityhub.com/brazil-joins-opec-amplifies-global-oil-influence/">Brazil Joins OPEC, Amplifies Global Oil Influence</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">Brazil joins OPEC on February 18, 2025, enhancing its influence in the global oil market.</li> <li class="">The country’s vast offshore oil reserves position it as a key player among leading oil producers like Saudi Arabia and Russia.</li> <li class="">Brazil faces pressure to balance its growing oil sector with international demands for sustainable environmental practices.</li> </ul> <p class="">On February 18, 2025, Brazil officially joined the Organization of the Petroleum Exporting Countries (<a href="https://energynews.pro/en/brazil-joins-opec-charter-and-positions-itself-on-the-global-energy-market/">OPEC</a>), marking a key moment in its energy strategy. This move boosts Brazil’s influence in the global oil market.</p> <p class="">As an OPEC member, Brazil now actively participates in oil production and pricing decisions. The country is a significant player in the international oil sector with large offshore oil reserves, especially in the Santos Basin. This decision aligns Brazil with top oil producers like Saudi Arabia and Russia, enhancing its geopolitical standing.</p> <p class="">This membership offers Brazil new opportunities but also brings challenges. OPEC works to stabilise global oil markets, but member countries often clash over production quotas and strategies. Brazil must balance its economic interests, particularly its offshore oil investments, while working within the organisation’s framework.</p> <p class="">Brazil treats joining OPEC as more than just a symbolic gesture. Already one of Latin America’s largest oil producers, the country views this step as key to securing its <a href="https://theelectricityhub.com/?s=energy+sector%E2%80%99s">energy sector’s</a> stability amid fluctuating global oil prices. Brazil’s expanding oil production allows it to play a crucial role in controlling oil supply and responding to changing <a href="https://theelectricityhub.com/?s=market+demands">market demands</a>.</p> <p class="">OPEC welcomed Brazil at a time when the organisation seeks to diversify and adjust to a shifting energy landscape. The rise of renewable energy and increasing pressure on governments to cut <a href="https://theelectricityhub.com/?s=carbon+emissions">carbon emissions</a> reshape global energy markets. OPEC now faces the challenge of balancing its traditional oil production goals with these growing environmental concerns.</p> <p class="">Now an active OPEC member, Brazil faces international scrutiny over its environmental policies. While its role in the oil sector expands, the country must address rising concerns about climate change. Brazil’s involvement in OPEC heightens the demand for sustainable practices as the world pushes for a transition to <a href="https://theelectricityhub.com/?s=cleaner+energy">cleaner energy</a>.</p> <p class="">Brazil must carefully balance its economic and environmental goals. Its leadership in oil production could attract criticism, especially as global efforts to reduce <a href="https://theelectricityhub.com/?s=greenhouse+gas+emissions">greenhouse gas emissions</a> intensify. Managing its growing oil sector while addressing international expectations for environmental responsibility requires strategic foresight.</p> <p class="">Brazil’s decision to join OPEC reflects its commitment to strengthening its energy sector while navigating a complex and changing global market. This move enhances Brazil’s influence in the oil industry but increases the pressure to adopt greener strategies.</p> <p class="">In conclusion, Brazil’s OPEC membership highlights its growing role in global energy and its pursuit of economic stability. However, the country faces balancing its oil production ambitions with rising global environmental demands. As the world transitions toward cleaner energy, Brazil’s ability to manage these competing pressures will shape its future in the energy sector.</p> <p>The post <a href="https://theelectricityhub.com/brazil-joins-opec-amplifies-global-oil-influence/">Brazil Joins OPEC, Amplifies Global Oil Influence</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/brazil-joins-opec-amplifies-global-oil-influence/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Consumers Energy Unveils 360 MW Solar Project in Michigan</title> <link>https://theelectricityhub.com/consumers-energy-unveils-360-mw-solar-project-in-michigan/</link> <comments>https://theelectricityhub.com/consumers-energy-unveils-360-mw-solar-project-in-michigan/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Mon, 03 Feb 2025 08:02:21 +0000</pubDate> <category><![CDATA[Carbon Emissions]]></category> <category><![CDATA[Climate Change]]></category> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[International News]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Off-Grid]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[Clean Energy]]></category> <category><![CDATA[climate challenges]]></category> <category><![CDATA[Consumers Energy]]></category> <category><![CDATA[greenhouse gas (GHG) emissions]]></category> <category><![CDATA[Hecate Energy]]></category> <category><![CDATA[sustainable energy infrastructure]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=99528</guid> <description><![CDATA[<p>Consumers Energy and Hecate Energy have officially started preliminary site work for the 360 MW Sunfish Solar 2 project in Lee Township, Calhoun County, Michigan. The project, scheduled for completion… </p> <p>The post <a href="https://theelectricityhub.com/consumers-energy-unveils-360-mw-solar-project-in-michigan/">Consumers Energy Unveils 360 MW Solar Project in Michigan</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">Consumers Energy and Hecate Energy have begun preliminary work on the 360 MW Sunfish Solar 2 project in Lee Township, Michigan. The project is set to be completed by Q2 2026.</li> <li class="">The project will power 69,000 homes and support Michigan’s goal of sourcing 50% of energy from renewables by 2030.</li> <li class="">Over 350 unionised jobs will be created, contributing $225 million to the local economy. The focus will be on hiring from West-Central Michigan.</li> </ul> <p class="">Consumers Energy and <a href="https://energynews.pro/en/consumers-energy-and-hecate-energy-break-ground-on-360-mw-sunfish-solar-2-renewable-energy-project/">Hecate Energy</a> have officially started preliminary site work for the 360 MW Sunfish Solar 2 project in Lee Township, Calhoun County, Michigan. The project, scheduled for completion by the second quarter of 2026, will provide enough renewable power to meet the needs of approximately 69,000 homes across the state.</p> <p class="">This project represents a significant step forward in Consumers Energy’s commitment to expanding clean energy sources. The utility aims to generate 8,000 MW of solar energy by 2040, and Sunfish Solar 2 will play a crucial role in achieving this target. The project aligns with Michigan’s efforts to reduce its carbon footprint and build a more <a href="https://theelectricityhub.com/?s=sustainable+energy+infrastructure">sustainable energy infrastructure</a>.</p> <p class="">Once operational, Sunfish Solar 2 will supply energy mainly to customers enrolled in Consumers Energy’s voluntary Renewable Energy Program. This program allows commercial and residential customers to participate in Michigan’s <a href="https://theelectricityhub.com/?s=clean+energy+transition">clean energy transition</a> by sourcing their energy from renewable resources. The project will help meet the state’s rising demand for green energy.</p> <p class="">The Sunfish Solar 2 project will also benefit the local community significantly economically. Over 350 unionised jobs will be created during construction, offering valuable employment opportunities in the region. The project will generate $225 million in economic activity, with $50 million in labour income for the local workforce. Bechtel, the Engineering, Procurement, and Construction (EPC) contractor managing the development, will prioritise hiring from West-Central Michigan to ensure that the community directly benefits from the project.</p> <p class="">The development of Sunfish Solar 2 supports Michigan’s efforts to meet its renewable energy goals. The state has set a target of sourcing 50% of its energy from renewable sources by 2030, and Sunfish Solar 2 contributes to this objective. The project will bolster Michigan’s clean energy grid, reducing reliance on fossil fuels and enhancing energy resilience in the face of <a href="https://theelectricityhub.com/?s=climate+challenges">climate challenges</a>.</p> <p class="">Consumers Energy remains dedicated to renewable energy development as a central part of its mission to provide reliable, clean, and affordable energy to Michigan’s residents and businesses. The utility focuses on creating a <a href="https://theelectricityhub.com/?s=sustainable+energy+future">sustainable energy future</a> that addresses current energy needs while tackling environmental challenges. Sunfish Solar 2 plays a key role in this strategy, positioning Consumers Energy as a leader in the clean energy transition.</p> <p class="">Once finished, Sunfish Solar 2 will deliver significant solar power to Michigan’s grid, helping the state reduce <a href="https://theelectricityhub.com/?s=greenhouse+gas+emissions">greenhouse gas emissions</a> and improve air quality. The project will also help the state cut its carbon footprint and improve public health while diversifying energy sources and increasing energy independence.</p> <p class="">Consumers Energy and Hecate Energy will continue collaborating with local stakeholders and the community as the project progresses to ensure Sunfish Solar 2’s benefits reach everyone. With its focus on job creation, local recruitment, and environmental sustainability, Sunfish Solar 2 will set a standard for future <a href="https://theelectricityhub.com/?s=renewable+energy+projects">renewable energy projects</a> in Michigan and nationwide.</p> <p>The post <a href="https://theelectricityhub.com/consumers-energy-unveils-360-mw-solar-project-in-michigan/">Consumers Energy Unveils 360 MW Solar Project in Michigan</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/consumers-energy-unveils-360-mw-solar-project-in-michigan/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Trump Exits Paris Agreement, Undermines Global Climate Progress</title> <link>https://theelectricityhub.com/trump-exits-paris-agreement-undermines-global-climate-progress/</link> <comments>https://theelectricityhub.com/trump-exits-paris-agreement-undermines-global-climate-progress/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Thu, 23 Jan 2025 09:30:44 +0000</pubDate> <category><![CDATA[Carbon Emissions]]></category> <category><![CDATA[Climate Change]]></category> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[International News]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Off-Grid]]></category> <category><![CDATA[Prospects & Challenge]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[America]]></category> <category><![CDATA[climate change]]></category> <category><![CDATA[Gas production]]></category> <category><![CDATA[greenhouse gas (GHG) emissions]]></category> <category><![CDATA[renewable energy adoption]]></category> <category><![CDATA[Trump]]></category> <category><![CDATA[United States]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=99159</guid> <description><![CDATA[<p>U.S. President Donald Trump signed an executive order to withdraw the country from the Paris Agreement. The exit of the world’s second-largest emitter of greenhouse gases jeopardises global efforts to… </p> <p>The post <a href="https://theelectricityhub.com/trump-exits-paris-agreement-undermines-global-climate-progress/">Trump Exits Paris Agreement, Undermines Global Climate Progress</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">President Trump withdraws the U.S. from the Paris Agreement, jeopardising global climate efforts.</li> <li class="">Increased oil and gas production takes priority, while support for renewables like wind energy and EVs diminishes.</li> <li class="">Over 5,000 U.S. businesses and cities pledge to continue climate action despite the government’s exit.</li> </ul> <p class="">U.S. <a href="https://www.msn.com/en-xl/politics/government/editorial-trump-s-return-cannot-threaten-efforts-to-hold-back-climate-change/ar-AA1xHjYz?ocid=BingNewsVerp">President Donald Trump</a> signed an executive order to withdraw the country from the Paris Agreement. The exit of the world’s second-largest emitter of <a href="https://theelectricityhub.com/?s=greenhouse+gases">greenhouse gases</a> jeopardises global efforts to fight climate change.</p> <p class="">Trump reversed key climate policies from his predecessor, Joe Biden. He now focuses on lowering energy costs by pushing for more oil and <a href="https://theelectricityhub.com/?s=gas+production">gas production</a>. His administration rolled back support for wind power and electric vehicles (EVs). This move raises doubts about the U.S.’s previous pledge to cut emissions by 61-66% by 2035.</p> <p class="">Countries face pressure to update their climate goals to achieve net-zero emissions. The U.S.’s decision to leave threatens to disrupt global progress, as the government is critical in shaping climate policies.</p> <p class="">The World Meteorological Organisation (WMO) recently reported a 1.55°C rise in global temperatures, marking the hottest year ever recorded. This temperature increase surpasses the Paris Agreement’s goal of limiting warming to 1.5°C, intensifying fears over climate action.</p> <p class="">More frequent extreme weather events, including hurricanes, heatwaves, and droughts, impact daily life and businesses. Last year, a hurricane in the southeastern U.S. killed over 200 people. Meanwhile, wildfires have devastated parts of California since January.</p> <p class="">Despite strong scientific evidence linking these disasters to <a href="https://theelectricityhub.com/?s=climate+change">climate change</a>, Trump continues to dismiss the issue, calling it a “hoax.” The Intergovernmental Panel on Climate Change (IPCC) warned that the next decade is crucial for limiting global warming. However, the U.S. withdrawal could derail international efforts.</p> <p class="">The U.S. withdrawal from the Paris Agreement becomes official one year after notifying the U.N. In Trump’s first term, the withdrawal only lasted three months before Biden rejoined the pact. This time, the withdrawal could last at least three years, leaving the global community to negotiate without the U.S.</p> <p class="">Trump also cut off U.S. funding to help developing nations adopt renewable energy and adapt to climate challenges. Developed countries agreed to triple their climate contributions to $300 billion annually by 2035. But without U.S. support, meeting this goal seems unlikely.</p> <p class="">Delays in climate action from developing nations, where emissions continue to rise, add to concerns. In Europe, far-right movements opposing climate policies are gaining momentum, further complicating international efforts.</p> <p class="">Despite the federal government’s exit, over 5,000 U.S. companies and cities committed to continuing their climate efforts. These groups represent 75% of the nation’s GDP. Even in Republican-led states like Texas and Iowa, wind energy continues to grow, proving that <a href="https://theelectricityhub.com/?s=renewable+energy+adoption">renewable energy adoption</a> persists.</p> <p class="">U.N. Secretary-General António Guterres urged the U.S. to remain committed to climate action and emphasised the need for the U.S. to remain a global leader in environmental efforts.</p> <p class="">The upcoming COP30 conference in Brazil presents a critical opportunity for the global community to reaffirm its commitment to addressing <a href="https://theelectricityhub.com/?s=climate+change">climate change</a>. Leaders must keep their efforts on track and balance environmental sustainability with economic growth.</p> <p>The post <a href="https://theelectricityhub.com/trump-exits-paris-agreement-undermines-global-climate-progress/">Trump Exits Paris Agreement, Undermines Global Climate Progress</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/trump-exits-paris-agreement-undermines-global-climate-progress/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Trump Exits Paris Deal, Declares Energy Emergency</title> <link>https://theelectricityhub.com/trump-exits-paris-deal-declares-energy-emergency/</link> <comments>https://theelectricityhub.com/trump-exits-paris-deal-declares-energy-emergency/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Tue, 21 Jan 2025 09:30:42 +0000</pubDate> <category><![CDATA[Carbon Emissions]]></category> <category><![CDATA[Climate Change]]></category> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[International News]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Off-Grid]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[climate change]]></category> <category><![CDATA[climate goals]]></category> <category><![CDATA[Energy Security]]></category> <category><![CDATA[greenhouse gas (GHG) emissions]]></category> <category><![CDATA[Paris Agreement]]></category> <category><![CDATA[Trump]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=99090</guid> <description><![CDATA[<p>U.S. President Donald Trump has withdrawn the country from the Paris Agreement on climate change. He declared a national “energy emergency,” prioritising fossil fuel production to reduce Americans’ energy costs.… </p> <p>The post <a href="https://theelectricityhub.com/trump-exits-paris-deal-declares-energy-emergency/">Trump Exits Paris Deal, Declares Energy Emergency</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">Trump withdrew the U.S. from the Paris Agreement and declared a national “energy emergency” to boost fossil fuel production.</li> <li class="">Critics warn the move undermines global climate efforts, potentially reducing U.S. emission cuts to 24-40% by 2035.</li> <li class="">U.S. states, businesses, and international climate advocates vow to continue pushing for renewable energy and emissions reductions.</li> </ul> <p class="">U.S. President Donald Trump has withdrawn the country from the <a href="https://energynews.pro/en/trump-reignites-oil-drilling-and-exits-the-paris-agreement-a-climate-earthquake/">Paris Agreement</a> on climate change. He declared a national “energy emergency,” prioritising fossil fuel production to reduce Americans’ energy costs. This move reverses the U.S.’s role in international climate efforts.</p> <p class="">Environmentalists and climate experts quickly criticised the decision, arguing it ignores the urgent need to address global warming. The president’s plan focuses on increasing oil and gas output, which he claims will boost <a href="https://theelectricityhub.com/?s=energy+security">energy security</a>. However, his approach risks undoing years of progress in emissions reductions.</p> <p class="">The Paris Agreement, adopted in 2015, committed the U.S. to cutting <a href="https://theelectricityhub.com/?s=greenhouse+gas+emissions">greenhouse gas emissions</a> by 61-66% by 2035, based on 2005 levels. Several reports have already indicated that the U.S. struggled to meet these targets. With Trump’s new strategy, emissions cuts could drop to 24-40%, according to the Rhodium Group.</p> <p class="">Carbon Brief estimates that the U.S. will emit up to 4 billion more metric tons of CO2 by 2030, equaling the combined annual emissions of Europe and Japan. Trump’s withdrawal’s global impact significantly threatens climate cooperation.</p> <p class="">While nearly all nations continue supporting the Paris Agreement, Trump’s decision could lead other countries to reconsider their commitments. China and India, two of the world’s largest emitters, might lower their climate efforts. Argentine President Javier Milei, a close ally of Trump, has already announced plans to reassess Argentina’s <a href="https://theelectricityhub.com/?s=climate+goals">climate goals</a>.</p> <p class="">Despite Trump’s actions, several U.S. states, businesses, and local groups remain committed to the energy transition. They pledge to continue efforts to reduce emissions and increase <a href="https://theelectricityhub.com/?s=renewable+energy+adoption">renewable energy adoption</a>. Laurence Tubiana, an architect of the Paris Agreement, maintains that global momentum toward a low-carbon economy will remain strong despite the U.S. withdrawal.</p> <p class="">In recent years, record investments in renewable energy have been made, creating a strong financial foundation for the transition. However, many climate experts express concern about the lack of U.S. leadership in international climate efforts. Gina McCarthy, former climate advisor to Joe Biden, warns that global efforts to limit temperature rises to 1.5°C without coordinated federal action will suffer.</p> <p class="">Trump’s first withdrawal from the Paris Agreement came in 2017 during his previous administration. After Joe Biden took office, the U.S. rejoined the accord, but Trump’s latest decision signals another retreat from global climate leadership.</p> <p class="">This shift could disrupt international cooperation, with Trump’s fossil fuel push encouraging other nations to scale back their climate ambitions. Rising emissions and changing policies further complicate the path forward for global climate action.</p> <p class="">While Trump’s withdrawal poses challenges, advocates for <a href="https://theelectricityhub.com/?s=renewable+energy">renewable energy</a> remain hopeful. Subnational and private actions continue to drive the global transition to a greener future; however, will these efforts sufficiently compensate for the lack of federal leadership?</p> <p>The post <a href="https://theelectricityhub.com/trump-exits-paris-deal-declares-energy-emergency/">Trump Exits Paris Deal, Declares Energy Emergency</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/trump-exits-paris-deal-declares-energy-emergency/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Point Tupper Project Leads Canada’s Green Hydrogen Revolution</title> <link>https://theelectricityhub.com/point-tupper-project-leads-canadas-green-hydrogen-revolution/</link> <comments>https://theelectricityhub.com/point-tupper-project-leads-canadas-green-hydrogen-revolution/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Wed, 15 Jan 2025 17:28:41 +0000</pubDate> <category><![CDATA[Carbon Emissions]]></category> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[Green Hydrogen]]></category> <category><![CDATA[International News]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Off-Grid]]></category> <category><![CDATA[Prospects & Challenge]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[canada]]></category> <category><![CDATA[Clean Energy]]></category> <category><![CDATA[Energy transition]]></category> <category><![CDATA[greenhouse gas (GHG) emissions]]></category> <category><![CDATA[Point Tupper]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=98882</guid> <description><![CDATA[<p>EverWind’s Point Tupper project will become Canada’s first recipient of the Clean Hydrogen Investment Tax Credit (CH ITC). The project aims to cut greenhouse gas emissions by 99% compared to… </p> <p>The post <a href="https://theelectricityhub.com/point-tupper-project-leads-canadas-green-hydrogen-revolution/">Point Tupper Project Leads Canada’s Green Hydrogen Revolution</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">EverWind’s Point Tupper project will be the first to receive the Clean Hydrogen Investment Tax Credit, covering 40% of its capital costs.</li> <li class="">The project aims to cut greenhouse gas emissions by 99%, confirmed by independent Deloitte Canada and RWDI assessments.</li> <li class="">Starting in 2025, Point Tupper positions Canada as a global leader in green hydrogen, driving further industry developments.</li> </ul> <p class="">EverWind’s Point Tupper project will become Canada’s first recipient of the Clean Hydrogen Investment Tax Credit (<a href="https://energynews.pro/en/canada-validates-a-99-emissions-reduction-for-everwinds-green-hydrogen-project/">CH ITC</a>). The project aims to cut <a href="https://theelectricityhub.com/?s=greenhouse+gas+emissions">greenhouse gas emissions</a> by 99% compared to fossil-based hydrogen, and independent experts have confirmed its environmental impact.</p> <p class="">The Canadian government plans to provide significant support, with the CH ITC expected to cover 40% of the project’s capital costs. This move aligns with Canada’s strategy to lead the global <a href="https://theelectricityhub.com/?s=energy+transition">energy transition</a> and accelerate green hydrogen production.</p> <p class="">Deloitte Canada and RWDI conducted independent assessments, validating the project’s emissions reduction claims. The project uses the Fuel Life Cycle Assessment Model to ensure regulatory compliance. Mark Vanderheyden, RWDI’s Chief Operating Officer, emphasised that independent verification strengthens the credibility of <a href="https://theelectricityhub.com/?s=clean+energy+projects">clean energy projects</a>.</p> <p class="">EverWind plans to start construction on the Point Tupper facility in 2025. The company continues negotiating supply agreements, expecting the project to set a precedent for green hydrogen initiatives in Canada. The CH ITC reduces the upfront costs of such projects, encouraging more widespread adoption and investment in the sector.</p> <p class="">Trent Vichie, CEO of EverWind, highlighted the project’s critical role in positioning Canada as a global leader in <a href="https://theelectricityhub.com/?s=green+hydrogen">green hydrogen</a>. He expects it to drive further industry developments and support the nation’s large-scale energy transition.</p> <p class="">The Point Tupper project aligns with global efforts to reduce emissions and combat climate change. The project demonstrates that clean hydrogen can be feasible and economically viable using proven technologies and fostering partnerships. Its success could serve as a model for achieving international <a href="https://theelectricityhub.com/?s=climate+goals">climate goals</a>.</p> <p class="">Nathan Steeghs, a partner at Deloitte Canada, noted that projects like Point Tupper enhance Canada’s energy competitiveness. He believes these initiatives will be crucial in addressing global climate challenges and securing the country’s standing in the green energy sector.</p> <p class="">Point Tupper will likely open new opportunities within Canada’s clean energy landscape. As the first project to benefit from the CH ITC, it showcases how government incentives can drive innovation and investment in renewable energy projects.</p> <p class="">With global demand for clean hydrogen rising, Canada’s early investment in such projects offers a competitive advantage. The successful completion of Point Tupper could inspire similar initiatives, helping the country meet its ambitious emissions reduction targets.</p> <p class="">This project underscores the importance of collaboration between government, industry, and environmental experts in pursuing <a href="https://theelectricityhub.com/?s=sustainable+energy+solutions.">sustainable energy solutions.</a> It also highlights clean hydrogen’s potential to play a significant role in Canada’s future energy mix.</p> <p class="">By securing the CH ITC and demonstrating significant emissions reductions, the Point Tupper project will play a key part in Canada’s transition to a cleaner, more <a href="https://theelectricityhub.com/?s=sustainable+energy+future">sustainable energy future</a>. Its success could pave the way for a new wave of green hydrogen projects nationwide.</p> <p>The post <a href="https://theelectricityhub.com/point-tupper-project-leads-canadas-green-hydrogen-revolution/">Point Tupper Project Leads Canada’s Green Hydrogen Revolution</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/point-tupper-project-leads-canadas-green-hydrogen-revolution/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Kazakhstan Lands €6M to Modernise Grid, Reduce Emissions</title> <link>https://theelectricityhub.com/kazakhstan-lands-e6m-to-modernise-grid-reduce-emissions/</link> <comments>https://theelectricityhub.com/kazakhstan-lands-e6m-to-modernise-grid-reduce-emissions/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Fri, 20 Dec 2024 12:59:04 +0000</pubDate> <category><![CDATA[Carbon Emissions]]></category> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[International News]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Off-Grid]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[Clean Energy]]></category> <category><![CDATA[Energy grid]]></category> <category><![CDATA[Energy Infrastructure]]></category> <category><![CDATA[Fossil Fuels]]></category> <category><![CDATA[greenhouse gas (GHG) emissions]]></category> <category><![CDATA[Kazakhstan]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=98209</guid> <description><![CDATA[<p>Kazakhstan, Central Asia’s largest greenhouse gas emitter, secured €6 million to modernise its energy grid and reduce emissions. The United Nations Development Programme (UNDP) and the European Union (EU) are… </p> <p>The post <a href="https://theelectricityhub.com/kazakhstan-lands-e6m-to-modernise-grid-reduce-emissions/">Kazakhstan Lands €6M to Modernise Grid, Reduce Emissions</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">Kazakhstan secures €6 million from the UNDP and EU to modernise its energy grid and reduce emissions.</li> <li class="">The project targets reducing energy losses, upgrading infrastructure, and integrating renewable energy.</li> <li class="">Kazakhstan aims to reduce greenhouse gas emissions by 15% by 2030 and advance toward carbon neutrality by 2060.</li> </ul> <p class=""><a href="https://energynews.pro/en/kazakhstan-secures-6-million-euros-to-modernize-its-energy-grid/">Kazakhstan</a>, Central Asia’s largest greenhouse gas emitter, secured €6 million to modernise its energy grid and reduce emissions. The United Nations Development Programme (UNDP) and the European Union (EU) are backing the project to cut energy losses, reduce reliance on <a href="https://theelectricityhub.com/?s=fossil+fuels">fossil fuels</a>, and support the country’s climate goals.</p> <p class="">Kazakhstan’s energy sector generates 85% of its <a href="https://theelectricityhub.com/?s=greenhouse+gas+emissions">greenhouse gas emissions</a>, making it a major polluter. The country’s carbon intensity, at 0.26 tons of CO₂ per $1,000 GDP, doubles that of the European Union. Modernising the <a href="https://theelectricityhub.com/?s=energy+infrastructure">energy infrastructure</a> will directly address these issues.</p> <p class="">The Mitigation Action Facility funds the initiative to upgrade Kazakhstan’s outdated grid and introduce regulatory reforms. These changes will improve efficiency, lower emissions, and help meet the country’s climate targets.</p> <p class="">EU Ambassador to Kazakhstan, Aleška Simkić, highlighted the importance of this partnership. She noted that modernising the grid is essential for integrating more <a href="https://theelectricityhub.com/?s=renewable+energy">renewable energy</a> into the system and achieving carbon neutrality by 2060.</p> <p class="">Kazakhstan’s updated Nationally Determined Contributions (NDCs) aim to reduce greenhouse gas emissions by 15% by 2030. The project will help meet these goals by improving energy efficiency and cutting grid losses.</p> <p class="">Kazakhstan’s energy strategy for 2023-2029 prioritises reducing grid losses and adopting modern energy technologies. By upgrading its infrastructure, Kazakhstan aims to serve as a model for other Central Asian countries dealing with similar challenges. The government hopes to inspire regional cooperation and create new energy initiatives.</p> <p class="">The European Union provides expertise and financial support for the project, underscoring its commitment to global carbon reduction and green energy promotion.</p> <p class="">Kazakhstan’s heavy reliance on fossil fuels, particularly coal, has hindered its climate goals. This project encourages <a href="https://theelectricityhub.com/?s=cleaner+energy">cleaner energy</a> use and aims to improve the overall efficiency of the country’s <a href="https://theelectricityhub.com/?s=energy+grid">energy grid</a>.</p> <p class="">The initiative focuses on infrastructure upgrades and strengthening institutional capacities. It includes developing new regulations to support renewable energy integration and increase energy efficiency.</p> <p class="">Kazakhstan’s government recognises the need to reduce energy losses and improve grid efficiency to meet its climate objectives. The UNDP and EU-backed project represents a crucial step in this direction.</p> <p class="">By modernising its energy sector, Kazakhstan positions itself in the global energy transition framework. The project will lower emissions and foster Kazakhstan’s role in regional energy cooperation.</p> <p class="">With this funding, Kazakhstan takes a significant step toward a <a href="https://theelectricityhub.com/?s=sustainable+future">sustainable future</a>. The country aims to lower its <a href="https://theelectricityhub.com/?s=carbon+footprint">carbon footprint</a>, boost energy efficiency, and lead Central Asia’s energy transformation.</p> <p>The post <a href="https://theelectricityhub.com/kazakhstan-lands-e6m-to-modernise-grid-reduce-emissions/">Kazakhstan Lands €6M to Modernise Grid, Reduce Emissions</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/kazakhstan-lands-e6m-to-modernise-grid-reduce-emissions/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>InfraCredit, FCDO Unveil Nigeria’s First Green Sukuk</title> <link>https://theelectricityhub.com/infracredit-fcdo-unveil-nigerias-first-green-sukuk/</link> <comments>https://theelectricityhub.com/infracredit-fcdo-unveil-nigerias-first-green-sukuk/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Wed, 18 Dec 2024 08:14:10 +0000</pubDate> <category><![CDATA[Carbon Emissions]]></category> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Off-Grid]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[West Africa]]></category> <category><![CDATA[Clean Energy]]></category> <category><![CDATA[Energy access]]></category> <category><![CDATA[Energy transition]]></category> <category><![CDATA[greenhouse gas (GHG) emissions]]></category> <category><![CDATA[InfraCredit]]></category> <category><![CDATA[Lagos]]></category> <category><![CDATA[solar mini-grid]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=97997</guid> <description><![CDATA[<p>InfraCredit has issued Nigeria’s first Green Infrastructure Forward Ijarah Lease Sukuk to support Prado Power Limited’s solar mini-grid project. The £10 million Climate Finance Blending Facility, funded by the UK’s… </p> <p>The post <a href="https://theelectricityhub.com/infracredit-fcdo-unveil-nigerias-first-green-sukuk/">InfraCredit, FCDO Unveil Nigeria’s First Green Sukuk</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class=""><strong>InfraCredit issues Nigeria’s first Green Sukuk</strong>: The ‘AAA-rated Sukuk will finance four solar-hybrid mini-grids, bringing power to 15,801 unserved households in Akwa Ibom and Benue states.</li> <li class=""><strong>Partnership with UK’s FCDO</strong>: The £10 million Climate Finance Blending Facility co-financed the project, marking the fourth transaction under the Facility.</li> <li class=""><strong>Positive impact</strong>: The project will create 242 jobs, reduce 893.53 tonnes of greenhouse gas emissions, and boost renewable energy access in underserved communities.</li> </ul> <p class="">InfraCredit has issued Nigeria’s first Green Infrastructure Forward Ijarah Lease <a href="https://infracredit.ng/infracredits-guarantee-supported-by-uk-funded-climate-finance-blending-facility-cfbf-mobilises-its-first-guaranteed-fixed-rate-senior-green-infrastructure-forward-ijarah-lease-sukuk-for-a/">Sukuk</a> to support Prado Power Limited’s <a href="https://theelectricityhub.com/?s=solar+mini-grid+project">solar mini-grid project</a>. The £10 million Climate Finance Blending Facility, funded by the UK’s Foreign, Commonwealth, and Development Office (FCDO), co-financed this transaction, marking the fourth deal under the Facility.</p> <p class="">The Sukuk, a Shariah-compliant finance tool, forms part of InfraCredit’s Clean Energy Funding Programme (CEFP). This programme unlocks local investments for <a href="https://theelectricityhub.com/?s=clean+energy+projects">clean energy projects</a>, helping Nigeria meet its 2030 electrification target and Sustainable Development Goal 7 for affordable, reliable <a href="https://theelectricityhub.com/?s=energy+access">energy access</a>.</p> <p class="">InfraCredit leveraged first-loss capital from the Climate Facility to reduce investment risks. This move enabled the issuance of the ‘AAA-rated Sukuk, which attracted strong interest from local institutional investors. The funds will drive the construction of four solar-hybrid mini-grids with a total capacity of 850 kW across Akwa Ibom and Benue states.</p> <p class="">The project will bring electricity to 15,801 unserved households and small businesses. It will also create 242 jobs and cut 893.53 tonnes of <a href="https://theelectricityhub.com/?s=greenhouse+gas+emissions">greenhouse gas emissions</a>. The Climate Bonds Initiative has certified the project as green, and Agusto & Co. verified the Sukuk as compliant with environmental standards. Global Credit Ratings awarded the Sukuk a ‘AAA’ rating.</p> <p class="">Prado Power’s CEO, Washima Mede, highlighted the project’s impact on rural communities. “This investment helps us improve energy access, create jobs, and uplift livelihoods,” Mede said.</p> <p class="">British Deputy High Commissioner in Lagos, Jonny Baxter, praised the project. “The UK-funded Climate Finance Facility plays a key role in mobilising green finance for off-grid solar projects in Nigeria,” Baxter said, noting the importance of distributed <a href="https://theelectricityhub.com/?s=renewable+energy">renewable energy</a> in underserved regions.</p> <p class="">Rural Electrification Agency (REA) Managing Director Abba Aliyu described the initiative as crucial for closing Nigeria’s energy access gap. “With over 15,000 connections, this project supports socio-economic growth and sustainable development,” Aliyu stated.</p> <p class="">InfraCredit’s CEO, Chinua Azubike, emphasised the value of green Sukuk in financing Nigeria’s energy transition. “We’re developing innovative Islamic finance products that support job creation, expand energy access, and accelerate the <a href="https://theelectricityhub.com/?s=energy+transition">energy transition</a>,” Azubike said.</p> <p class="">FSD Africa, a development agency strengthening financial markets in sub-Saharan Africa, provided technical and legal support to reduce the costs of issuing green debt. This initiative operates under the World Bank’s Nigeria Electrification Project, reflecting a collaborative push to expand clean energy in Nigeria.</p> <p class="">InfraCredit, Prado Power, and the FCDO aim to address Nigeria’s energy challenges through green finance and contribute to the country’s <a href="https://theelectricityhub.com/?s=sustainable+development+goals">sustainable development goals</a>.</p> <p>The post <a href="https://theelectricityhub.com/infracredit-fcdo-unveil-nigerias-first-green-sukuk/">InfraCredit, FCDO Unveil Nigeria’s First Green Sukuk</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/infracredit-fcdo-unveil-nigerias-first-green-sukuk/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>BMW Partners With Neste For Renewable Diesel</title> <link>https://theelectricityhub.com/bmw-partners-with-neste-for-renewable-diesel/</link> <comments>https://theelectricityhub.com/bmw-partners-with-neste-for-renewable-diesel/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Tue, 17 Dec 2024 11:28:40 +0000</pubDate> <category><![CDATA[Carbon Emissions]]></category> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[Green Hydrogen]]></category> <category><![CDATA[International News]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Off-Grid]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[Sustainable Transport]]></category> <category><![CDATA[BMW]]></category> <category><![CDATA[fossil diesel]]></category> <category><![CDATA[greener production]]></category> <category><![CDATA[greenhouse gas (GHG) emissions]]></category> <category><![CDATA[Neste]]></category> <category><![CDATA[Renewable Diesel]]></category> <category><![CDATA[sustainable transport]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=97927</guid> <description><![CDATA[<p>BMW will partner with Neste to use Neste MY Renewable Diesel™ for initial fills of diesel vehicles at their German plants. BMW will supply this renewable diesel to Munich, Dingolfing,… </p> <p>The post <a href="https://theelectricityhub.com/bmw-partners-with-neste-for-renewable-diesel/">BMW Partners With Neste For Renewable Diesel</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">BMW partners with Neste to use renewable diesel in initial fills of diesel vehicles at German plants.</li> <li class="">Over half of BMW’s global diesel vehicle production will transition to HVO100 renewable diesel.</li> <li class="">Neste’s renewable diesel helps BMW reduce greenhouse gas emissions while maintaining vehicle performance.</li> </ul> <p class=""><a href="https://biofuels-news.com/news/neste-to-supply-bmw-with-hvo100/">BMW</a> will partner with Neste to use Neste MY Renewable Diesel<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" /> for initial fills of diesel vehicles at their German plants. BMW will supply this renewable diesel to Munich, Dingolfing, Leipzig, and Regensburg factories.</p> <p class="">The shift to HVO100 renewable diesel will affect over half of BMW’s global diesel vehicle production. BMW has already received deliveries at individual plants and expanded HVO100 approval to cover more models.</p> <p class="">“We appreciate BMW’s trust and look forward to this cooperation,” said Joerg Huebeler, head of market development, EU & APAC at Neste. He emphasised that renewable diesel is critical in advancing sustainable mobility, enabling BMW to reduce <a href="https://theelectricityhub.com/?s=greenhouse+gas+%28GHG%29+emissions">greenhouse gas (GHG) emissions</a> without sacrificing performance.</p> <p class="">Huebeler pointed out that Nestle’s renewable diesel will let BMW customers directly experience how GHG reductions work. He also thanked Biofuel Express for supporting the delivery of <a href="https://theelectricityhub.com/?s=renewable+diesel">renewable diesel</a> to BMW.</p> <p class="">BMW’s decision to adopt renewable diesel aligns with its broader goals of cutting carbon emissions and driving sustainability. Huebeler noted that renewable diesel solutions significantly contribute to <a href="https://theelectricityhub.com/?s=sustainable+global+transport">sustainable global transport</a>, with BMW’s collaboration as a prime example.</p> <p class="">BMW expanded HVO100 approval for a significant portion of its vehicle lineup, demonstrating its confidence in renewable diesel’s performance and environmental benefits.</p> <p class="">Neste MY Renewable Diesel<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" /> uses 100% renewable raw materials to produce a high-quality, sustainable fuel. The fuel reduces GHG emissions by up to 90% compared to <a href="https://theelectricityhub.com/?s=fossil+diesel">fossil diesel</a>, perfectly fitting BMW’s move toward <a href="https://theelectricityhub.com/?s=greener+production">greener production</a>.</p> <p class="">BMW continues integrating <a href="https://theelectricityhub.com/?s=renewable+energy">renewable energy</a> into its production and uses green electricity at its manufacturing sites. Nestle’s renewable diesel will further these efforts, helping BMW reach its sustainability targets.</p> <p class="">Neste, a global leader in renewable fuels, continues to pioneer sustainable energy solutions for transport, aviation, and industry. The collaboration with BMW marks a milestone in Nestle’s push for renewable diesel as a key automotive solution to emissions reduction.</p> <p class="">By adopting Nestle’s renewable diesel for initial fills, BMW underscores its commitment to sustainable production. This partnership shows how renewable fuels are increasingly key to the automotive sector’s push to reduce carbon footprints.</p> <p class="">BMW’s use of Nestle renewable diesel will reduce GHG emissions and contribute to its broader sustainability efforts, including various environmental initiatives.</p> <p class="">The partnership between BMW and Neste marks a crucial step toward greener automotive manufacturing. Renewable diesel will significantly reduce emissions and support BMW’s long-term sustainability strategy.</p> <p>The post <a href="https://theelectricityhub.com/bmw-partners-with-neste-for-renewable-diesel/">BMW Partners With Neste For Renewable Diesel</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/bmw-partners-with-neste-for-renewable-diesel/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> </channel> </rss>