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Insights from New York Climate Week

Insights from New York Climate Week

The second edition of the ReNew2030 Newsletter!

Read the new edition of our newsletter, with fresh insights from New York Climate Week!

You can read more about:
🌟 The push for a fair transition in Europe by giving communities the power to control their energy
⏰ Our highlights from New York Climate Week
đź“° The latest publication from the RIPLE project
đź“Ť Our plans for COP
đź“Š Our new website

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

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.

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

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

An initiative led by Iniciativa Climatica de Mexico

For the HackatĂłn 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-HackatĂłn 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.

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The path to a just energy transition

The path to a just energy transition

The first edition of the ReNew2030 Newsletter!

The first edition of our newsletter is here packed with the latest from our community of dedicated individuals, forward-thinking organisations, and passionate changemakers!

You can read more about:

🌱 How our partners are transforming the development of renewables in Africa.

🌟 Young Mexicans shaping the future of public policy on the energy transition.

🤝 The importance of public-private-philanthropic partnerships in developing offshore wind.

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Transforming the development of renewable energy in Africa

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.

Two amazing groups the regional climate foundations have supported illustrating the work they are doing

Two amazing groups the regional climate foundations have supported illustrating the work they are doing

TED speech by Phil Bloomer of the Business and Human Rights Resource Centre on rare minerals (BHRRC).

Rebekah Shirely from the World Resources Institute talking about the clean energy hub of the future.

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