systems

The International Finance Corporation on Monday committed $105 million, or about Rs 870 crore, to Brookfield’s Bikaner solar power project through long-term non-convertible debentures. The private sector financing arm of the World Bank Group said in a statement that these loans were earmarked for the project’s special purpose vehicles.

A 550-megawatt solar project in Rajasthan will help boost India’s renewable energy potential and support climate goals, the IFC said in a statement.

Through long-term power purchase agreements, Brookfield will provide solar power to commercial and industrial consumers in India at more competitive rates, contributing to the country’s decarbonization goals, it said.

According to the statement, this is IFC’s first investment in the Asia-Pacific region using an innovative hybrid offtake structure, where the project trades power generated to C&I consumers through long-term corporate PPAs and trade markets.

The project will be connected to the interstate transmission system section of India’s green energy corridor. Solar plants are expected to reduce greenhouse gas emissions by 8.04 lakh tonnes of CO2 every year, which is equivalent to removing about 1.74 lakh cars from the road every year.

India is leading the green transition in the power sector by committing to 500 gigawatts of non-fossil fuel capacity by 2030. The country’s renewable energy sector has attracted approximately $10 billion in annual investments between 2017 and 2022. It is expected to bring 25 billion dollars in annual investment by 2030.

It is estimated that about 20% of this is directed towards the C&I and merchant market.

“Through our partnership with Brookfield, IFC aims to facilitate the wider adoption of clean energy by demonstrating the viability of large-scale renewable energy generation and sale to pan-India corporate and industrial customers through the interstate transmission system,” Imad N Fakhoury on IFC South regional director for Asia said.

“With a portfolio of more than 25 GW of renewable energy assets in operation or under development across the country’s leading platforms, we look forward to taking advantage of the scale transition opportunities offered in the country,” said Nawal Saini, managing director of renewables and power and transition at Brookfield. he said.

Brookfield Asset Management Ltd. is a leading global alternative asset manager with over $925 billion in assets under management across renewable energy and transition, infrastructure, private equity, real estate and credit.

(Text inputs from PTI)

The United States is working hard and relentlessly to solve the problem of increasing energy demand, which is especially urgent in the coming summer. They had already engaged in “virtual energy” to meet peak demand, and now there is nothing else Elon Musk declared that we could use a giant fusion reactor in the sky to supply the entire US.

Nuclear fusion reactor “in the sky”: Elon Musk’s disturbing idea

Elon Musk is a famous South African-born tycoon who made history by running successful and revolutionary companies like Starlink and Tesla. On the other hand, it has become the talk of the town for him on many occasions controversial predictions and seemingly random decisions. Nevertheless, his companies play a key role in the development of sustainable technologies.

Now, the man who turned electric cars into a profitable business shocked everyone when he announced, without preamble, that we could use a fusion reactor “in the sky” to power the entire United States. As if that wasn’t enough, he detailed a well-thought-out plan to implement this revolutionary idea that will provide America with clean, renewable energy.

The entrepreneur explained that the sun is like a natural fusion reactor in the sky and we are wasting much of its potential as a sustainable energy source. According to Mask, if they build a solar farm 160km by 160km, they can run on all the energy. A US power grid with zero greenhouse gas emissionsno transport costs, simple and cheap maintenance.

Photovoltaic city? Revolutionizing solar energy may be ‘in the sky’

A photovoltaic plant of this size would cover an area the size of a city, making Elon Musk’s idea incredibly ambitious. But if this project is implemented, could supply the whole country with completely environmentally friendly energy and would be a quantum leap towards the goal of eliminating our carbon footprint.

The businessman’s idea has caught the attention of the world as they wait to see if he can start a crusade that could be the starting point for a photovoltaic model that other countries can emulate. Anticipation grows when you consider that in 2016 Elon Musk bought SolarCity, a company dedicated to the production of solar cells and photovoltaic cells.

A solar project of this magnitude could mean big business for a tycoon who already has investments in electric cars and photovoltaic systems. It will take thousands of solar panels and batteries to store the electricity and all this infrastructure. To be provided by SolarCitysomething that could place this company among the most important companies in the world.

Looking ahead: what we can achieve in the short term

Elon Musk is here He is the head of companies like SpaceXtrying to open up the space travel market; Tesla, which sells thousands of high-performance electric cars around the world; and StarLink, a company building a global network of satellites that can provide satellite connectivity to anyone, anywhere.

It is clear that the entrepreneur’s outlook is revolutionary, pioneering, so he is an excellent candidate to be the first to provide the entire country with the potential of the “fusion reactor” in the sky. Elon Musk.

Solar energy in other countries

If this idea were to come to fruition, it would Great news for America, where we have already made our breakthroughs in photovoltaics. In fact, the controversial giant solar plant in Morocco would have been a project of a similar scale, although it has unfortunately stalled to this day.

Air France KLM Martinair Cargo (AFKLMP) has announced its renewed partnership with the Brunel Solar Team as logistics partner for the 2024 Sasol Solar Challenge in South Africa from 13 to 20 September 2024.

“As partners, we hope to help the team win this prestigious solar race for the fifth time. We will handle the air transport and related logistics for the Nuna 12s, the team’s solar-powered car,” the statement said.

To minimize environmental impact, AFKLMP will offset the fuel required to transport the Nuna 12s from Amsterdam to Johannesburg using SAF (alternative aviation fuel), significantly reducing the carbon footprint of the journey.

“Air France KLM Martinair Cargo is inspired by and adapted to the mission of the Sasol Solar Challenge,” said GertJan Roelands, advertising director of Air France KLM Martinair Cargo. “The air transport industry faces the challenge of reducing its carbon footprint. Our goal is to lead innovation in this area by leading initiatives that engage all industry stakeholders.”

After the global oil crisis of 1973, awareness of the environmental damage caused by fossil fuels increased and global efforts to develop alternative energy sources began. In 1983, Danish inventor Hans Tholstrup built the first solar-powered car and drove it across Australia to demonstrate the potential of solar energy. This landmark achievement led to the establishment of Australia’s World Solar Challenge.

In 2001, Delft University of Technology’s Solar Team participated in the sixth World Solar Challenge in Australia with the aim of promoting sustainability and innovation. Led by Dutch astronaut Wubbo Ockels, the team inspired many with their vision. As Ockels famously said, “There is only one earth. And there is no reserve.”

Delft students beat 43 other teams to make history and become the first teenagers to win the race with their solar car Nuna.

Today, solar races continue to drive technological innovation and raise awareness of the environmental impact of fossil fuels. It challenges teams to develop and improve new technologies, contributing to sustainable technology advances that will ultimately benefit commercial industries. By partnering with the Brunel Solar Team, AFKLMP affirms its commitment to sustainability and innovation, significantly enhancing efforts to achieve more sustainable practices in aviation and beyond.

Venezuelan President Nicolas Maduro (left), June 13, 2024. Photo: X/ @teleSURtv

Author: teleSUR English

June 14, 2024 Time: 8:21 am

President Maduro noted that energy production at the municipal level will strengthen the national electricity system.

On Thursday, President Maduro announced that Venezuela will implement a mega electricity plan in the state of Mérida with the support of China, India and Turkey.

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“We have an ambitious plan to generate 3,000 megawatts of solar energy and boost self-generation in the Venezuelan Andes, which has been hit hardest by the US economic war,” he said. Los Andes region.

“We held discussions with China, India and Turkey to strengthen self-production of electricity at the municipal level. This will strengthen the national electricity system so that it will never be sabotaged again,” said the Bolivarian leader, adding that his administration also aims to restore the country’s road and highway system.

“There are very difficult and difficult tasks. However, as we take them on and resolve them, we will fill ourselves with patriotism and feel the greatest satisfaction possible: serving the Venezuelan people,” he noted, stressing that Venezuela’s subnational economies are recovering their strength and productive capacity. .

The president of Venezuela said: “I am happy to see the indicators of economic growth, the defeat of hyperinflation and the stability of the exchange system.”

#Government || President Maduro: I am on a daily pilgrimage with the love of the people

This Thursday, the President of the Republic, Nicolás Maduro, attended a rally in El Vigía, Mérida, to support his candidacy for the July 28 elections. pic.twitter.com/ms2vuSwP68

— Venezuelan News Agency (@avnve) June 14, 2024
The text reads: “President Maduro: I am on a daily pilgrimage with the love of the people. On Thursday, the President of the Republic, Nicolás Maduro, participated in a rally in El Vigia, Mérida, to support his candidacy in the elections to be held on July 28.

“If we see the continued growth of agribusiness and trade in the midst of the worst conditions, then the future will be great: Venezuela will build itself economically,” he said, stressing that the Welfare State will be fully restored.

“We will continue to make progress in restoring public education and health care… Nothing will be privatized. Together with entrepreneurs, we will build three million houses for families in need,” Maduro said.

“The region of Los Andes put up a strong resistance. I thank you for such moral and fighting strength,” said the Bolivarian leader, stressing that one of the tasks of the new stage is the establishment of a “truly republican, democratic and efficient state”.

The Bolivarian leader noted that Venezuela will move towards establishing a new economic model for generating foreign currency by diversifying exports to developing markets.

“Now we have political independence because we don’t have foreign masters. We do not follow any empire, we do not take orders from anyone. We are free, independent and sovereign,” he emphasized during his visit to Merida, where the population welcomed him warmly and enthusiastically.

#News from the South | Venezuelan President Nicolas Maduro held a meeting with the members of the National Council of Productive Economy. He emphasized the continued growth of a diversified national economy despite 930 imperialist sanctions. pic.twitter.com/lYpbE4gIud

— teleSUR English (@telesurenglish) June 13, 2024

Source: VTV – Vice President of Venezuela

teleSUR/ JF

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