The European Bank for Reconstruction and Development (EBRD) is making a $30m loan available to Obelisk Solar Power, a project company owned by Scatec ASA. The financing facility will finance a new 1GWac solar plant in Egypt with 200MWh of battery storage. It is expected that the project will reduce CO2 emissions by 1.3m tonnes per year.
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Australia’s election: “an energy referendum”
Australian Climate Council CEO, Amanda McKenzie, has said in response to the Australian Federal Election result: “This was an energy referendum. Nuclear bombed at the ballot, with Australians dubbing it toxic. Australians backed a bright, clean, renewable energy future and endorsed the progress that has already been made.”
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Apple: goes beyond 60% GHG emissions reduction
Earth Day has real meaning for Apple. It is the point at which it surpassed a 60% reduction in its global greenhouse gas (GHG) emissions (compared with 2025 levels) – this is part of its Apple 2030 goal to become carbon neutral across its entire footprint.
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Electricity demand set to soar
The increase in electricity consumption through 2027 is expected to average around 4% annually, says the International Energy Agency (IEA).