Posts Tagged ‘Impact stories’

Rural “Power Bank” as a Breakthrough to Store Renewable Energy

Tuesday, October 1st, 2024

Rural “Power Bank” as a Breakthrough to Store Renewable Energy

By the end of 2023, China’s household distributed photovoltaic (DPV) capacity surpassed 100 GW, accounting for 25% of the nation’s photovoltaic generation. However, further growth faces challenges due to limited household consumption and grid bottlenecks.

Our partner, Energy Foundation China supported an innovative solution launched by Shandong Jianzhu University to expand DPV capacity in China: The project focuses on “rural power banks,” which are decentralised energy storage systems integrated into the power distribution network. In pilot projects in Shandong’s Hanjiayu and Yicheng villages, 120-kilowatt modular distributed energy storage systems were installed, increasing the local grid’s capacity by 30% and generating an additional $7,000 in annual electricity revenue for the local community.

Looking ahead, large-scale deployment of decentralised energy storage could accelerate sustainable DPV development, enhancing efficient energy use and delivering financial benefits to rural communities across China.

Young Mexicans are shaping the future of public policy on the energy transition

Friday, July 26th, 2024

Young Mexicans are shaping the future of public policy on the energy transition

An initiative led by Iniciativa Climatica de Mexico

For the Hackatón X Nuestro Futuro over 40 young people from across the country gathered in Mexico City and teamed up in 8 groups to devise public policy proposals focusing on the energy transition to renewables in Mexico. Post-Hackatón activities are currently taking place to maintain the momentum with youths, including mentoring and training, the creation of sub-national youth groups, public advocacy, and communication campaigns in favour of renewable energies.

An impactful initiative supported by Iniciativa Climática de México. Philanthropies are backing youth mobilisation and we will continue to drive youth engagement to ensure they remain at the forefront of this crucial transition.

Transforming the development of renewable energy in Africa

Friday, February 9th, 2024

Transforming the development of renewable energy in Africa

9 February 2024

ReNew2030 celebrates a first in unlocking renewables investment!

🔆 With leadership from The African Climate Foundation, the Nigeria 🇳🇬 Sovereign Investment Authority (NSIA) has spearheaded the creation of the Renewables Investment Platform for Limitless Energy (RIPLE) – a $500 million initiative. The platform’s primary objective is to expand energy access, enhance energy efficiency, and strengthen energy security, perfectly aligning with ReNew2030’s mission.

This initiative marks an important step forward in realizing Nigeria’s sustainable development objectives. By tackling one of the key barriers highlighted in the ReNew2030 agenda – inadequate investment in renewables and critical infrastructure. This project sets a foundation for harnessing socio-economic benefits associated with scaling up of renewables. If successfully implemented, it promises to not only alleviate energy poverty, but will also stimulate economic activity and foster growth, which will boost industrial activity.

RIPLE can:
➡ help the country mitigate the risks linked to high emissions pathways;
➡ develop and co-host, and operate RE projects;
displace captive fossil power generation – e.g. diesel generation;
➡ enable distribution franchise projects;
➡ invest in solar PV assembly and manufacturing.

The Nigerian Sovereign Investment Authority (NSIA), the International Finance Corporation (IFC) and the African Climate Foundation (ACF) for the launch of RIPLE, November 2023. Courtesy of African Climate Foundation.

The Renew2030 team at COP28 pushing for the tripling pledge !

Wednesday, December 13th, 2023

The Renew2030 team at COP28 pushing for the tripling pledge !

The agreement reached at COP28, calling on countries to transition away from fossil fuels in energy systems in a just, orderly and equitable manner, is a historic marker, signalling the end of the era of fossil fuels and the beginning of the age of renewables.

Renewables and their unstoppable power to bring prosperity and a clean future bookended the COP28 proceedings.

The groundbreaking pledge made by 130 countries at the opening of the COP to treble renewable energy production by 2030 was further consolidated in a global goal in the Global Stocktake in the closing hours of the international conference of leaders.

ReNew2030 is proud to have contributed to this pivotal moment by supporting partners around the world to address the barriers and levers that affect the rapid and equitable scaling up of wind and solar power.

At COP28 we saw civil society organisations from around the world holding firm on the need for an equitable, well financed, fair transition. We saw the renewables industry come together in force calling for 3x renewable energy by 2030 – exemplified by the leadership of the Global Renewables Alliance team. And we saw philanthropy and the regional climate foundations coming together with the ReNew2030 international partners with a clear message in support of the renewables goal.

ReNew2030 will continue to work with partners on the ground through the regional climate foundations and international partners to turn this historic goal into real projects that meet the needs of communities around the world.

ReNew2030 team interviewed live on We Don’t Have Time

Rebecca Collyer and Luisa Sierra Brozon of ReNew2030 and ReNew’s Mexican partner ICM were interviewed by We Don’t Have Time, the climate change social network and review platform.