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Energy Justice and the Renewable Transition: Addressing Inequities in Carbon-Intensive Regions

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The global shift towards renewable energy is crucial in mitigating climate change, reducing greenhouse gas emissions, and ensuring a sustainable future. Yet, this transition is far from equitable. For carbon-intensive regions, where economies and livelihoods are tightly linked to fossil fuels, the renewable energy transition presents significant challenges. These regions face the risk of economic destabilization, job loss, and social upheaval. In this context, the concept of energy justice has emerged as a critical framework…

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Power supply and allocation overview for September 2024

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Peak Power Demand Northern Region: The Northern region saw a substantial peak demand, with Uttar Pradesh leading at 30,618 MW, followed by Rajasthan and Punjab. While the peak met rate was largely consistent with demand, regions like Jammu & Kashmir and Uttarakhand saw deficits. Jammu & Kashmir experienced a 12.4% shortfall in meeting the demand, which stood at 3,236 MW, while Uttarakhand faced a smaller gap of 2.9%. Western Region: Maharashtra recorded a high peak…

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Highview Power to develop 2.5 GWh LDES project in Scotland

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Highview Power has announced plans to build a long-duration energy storage (LDES) project with a capacity of 2.5 GWh in Ayrshire, Scotland. Located at Peel Ports’ property in Hunterston, North Ayrshire, the project will provide five times Scotland’s current battery storage capacity and is supported by the Scottish government. The Hunterston LDES project will be developed in two stages. The first phase will establish grid connections and provide grid stability services, while the second phase…

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EIB and Intesa Sanpaolo launch €8 billion wind sector initiative

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The European Investment Bank (EIB) and Intesa Sanpaolo have launched an initiative to unlock €8 billion in wind sector investments, as part of EIB’s €5 billion wind energy plan unveiled at COP28. Supported by InvestEU, this will support 32 GW of wind capacity toward the EU’s 2030 renewable energy target of 45%. EIB will provide a €500 million counter-guarantee, enabling Intesa Sanpaolo to establish €1 billion in guarantees for wind farm supply chains and grid…

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Vertiv expands North American manufacturing with new facility in South Carolina

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Vertiv has announced the expansion of its North American manufacturing operations with a new 215,000 sqft facility in Pelzer, South Carolina. This facility is expected to create up to 300 skilled jobs and will produce integrated modular solutions, modular power systems, and other infrastructure technologies for data centres. These prefabricated solutions are fully factory-tested, reducing site labour and speeding up data centre deployment. Vertiv CEO Giordano Albertazzi emphasized the importance of this expansion in meeting…

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Alcazar Energy acquires rights for 968MW of renewable projects in Serbia

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Sustainable infrastructure fund Alcazar Energy Partners has signed agreements with RP Global to acquire rights for 968MW of renewable energy projects in Serbia. The deal includes Project Celzijus 1, a 200MW onshore wind farm, and a pipeline of 768MW in wind and solar projects. Project Celzijus 1, located in the Western Balkans, is set to cost $300 million and create 800 jobs during construction. The wind farm will generate clean energy to power over 31,000…

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TOYO to build 2GW solar cell manufacturing facility in Ethiopia

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Japanese firm TOYO has announced plans to build a 2GW solar cell manufacturing facility in Hawassa, Ethiopia, with an estimated investment of $60 million. The facility will be developed on a 31,500m² site, with construction set to begin in November 2024 and production expected by the end of Q1 2025. The project will create up to 880 jobs in manufacturing and engineering. Ethiopia’s favourable investment policies and tariff exemptions, along with its reliance on green…

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BrightNight and Cordelio Power secure $260m financing for solar project

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Renewable power companies BrightNight and Cordelio Power have secured $260 million in tax-equity financing for the 300MW Box Canyon solar project in Pinal County, Arizona. The financing, provided by affiliates of JP Morgan and Capital One, will help monetise production tax credits via a partnership flip structure. The Box Canyon solar project, expected to be commissioned in the first half of 2025, will generate enough electricity to power 77,000 homes and businesses annually. It represents…

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Google signs deal with Kairos for 500MW nuclear projects by 2035

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Google has signed a master plant development agreement with Kairos Power to generate clean energy for its AI data centres using small modular nuclear reactors (SMRs). The agreement outlines a plan to deploy 500MW of advanced nuclear power projects across the US by 2035. Kairos Power will oversee the development, construction, and operation of a series of advanced reactor plants, providing Google with energy, ancillary services, and environmental attributes through power purchase agreements. The first…

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Australia’s largest wind farm begins supplying power to Victoria’s grid

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The 1.3GW Golden Plains wind farm, located in Rokewood, Victoria, has begun supplying renewable energy to the state’s electricity grid.  As the largest wind farm in the southern hemisphere, it will generate 4,000 GWh annually, covering 9% of Victoria’s energy needs and powering 765,000 homes when fully operational. The project includes a 300MW battery to store surplus energy, ensuring reliable supply during peak demand. The wind farm’s construction created 700 jobs, with 70 permanent roles…