Uxolo Development Finance’s Post

With 1.2GW of wind and solar projects now financed, Azerbaijan has made substantial progress in procuring renewables projects. A consistent project pipeline will be needed to secure the support of commercial lenders alongside MDBs. In this feature, Thomas Hopkins, Deputy Editor, discussed Masdar's landmark deal to secure $480 million for large-scale Central Asian solar projects in Azerbaijan, highlighting the involvement of major development banks, regulatory advancements in Azerbaijan's renewable energy landscape, parallels with Uzbekistan's energy reforms, and the promising but challenging path towards attracting international investment in Azerbaijan's nascent renewables sector. 🔗 Read the full article here and find out Proximo's perspective: https://lnkd.in/eK64EMmj #RenewableEnergy #SolarPower #EnergyTransition #MDBInvestment #CentralAsiaRenewables

CCS is getting more traction, also in the Middle East. https://lnkd.in/eVnav5r8 PS: I share relevant articles on oil and gas, and new developments, ESG, and AI/ML . If you want to learn more about these topics Follow me for more posts

AI Revolutionizes Oil and Gas Decommissioning (From Aberdeen & Grampian Chamber of Commerce) A Breakthrough in Efficiency and Cost Savings Artificial intelligence is poised to revolutionize the oil and gas industry, particularly in the crucial area of decommissioning. Rahd AI, a pioneering technology firm, has developed a ground-breaking platform that leverages the power of AI to streamline and optimize the decommissioning process. Transforming Data into Action By analysing vast amounts of data from over 15,000 wells worldwide, Rahd AI's platform is capable of generating comprehensive decommissioning plans for oil and gas fields. This innovative approach has the potential to significantly reduce costs and accelerate the decommissioning process. Partnering with Industry Leaders Rahd AI is collaborating with six of the world's largest energy companies, including Equinor and TotalEnergies, to implement this transformative technology. The goal is to achieve a 35% reduction in the UK's decommissioning bill, a significant challenge facing the government. A Collaborative Effort By sharing data and insights, industry players and governments can collectively drive down costs and improve the environmental impact of decommissioning. Rahd AI's platform facilitates this collaboration, enabling stakeholders to work together towards a more sustainable future. The Future of Decommissioning With the support of industry leaders and government agencies, Rahd AI is accelerating the adoption of its technology. By leveraging AI and data-driven insights, the company is paving the way for a more efficient and cost-effective decommissioning process. Would you like to learn more about how AI is reshaping the energy industry? Register for SPE Offshore Europe https://lnkd.in/eSwGVPRe

Iberdrola Invests $2B in Spanish AI Data Centers A big step towards powering AI with clean energy. ▶ Iberdrola plans to acquire a 20% stake in a $2B Spanish data center project. ▶ No direct cash investment—renewable power and grid connection are Iberdrola’s equity play. ▶ Spain was chosen for its 22 GW renewable energy capacity, with a 200 MW grid connection already planned. AI is creating huge power demands, with a ChatGPT query using 10x more energy than a Google search. Iberdrola’s new unit, CPD4Green, will lead the project, using pumped storage hydropower and potentially solar to ensure steady renewable energy. #datacenters #AI #EMEA #sustainability | Impero

Aurora Energy Research - European Battery Markets Attractiveness Report - 3rd Edition. It is my honor to participate in this project! -- Which countries have larger market sizes? -- Which countries have more favorable policy environments? -- Which countries have more robust revenue streams? -- Which countries provide better returns? -- As a developer, how to formulate a smart development strategy? -- As an investor, how to make a correct investment decision? Get the most up-to-date information from this report! If you are interested to purchase the full report, please get in touch with Alex Hutcheson

In the energy sector, the importance of up-to-date and reliable data is highlighted in the face of challenges such as renewable energy growth and price volatility. Traders, renewable asset managers and large consumers depend on accurate information for strategy, risk mitigation and operational efficiency. Data is at the heart of the European Union's strategy for digitalization, renewable energy and Artificial Intelligence.   https://bit.ly/3wNCiAk #EnergyPrices, #RenewableEnergy, #Digitalization, #ArtificialIntelligence, #AI

How power-hungry AI could help fuel growth in alternative energy - https://lnkd.in/g4dGjDnx Tech companies are spending big money on renewable and alternative sources of energy in an attempt to shore up enough power for energy-hungry data centres. Read More

How power-hungry AI could help fuel growth in alternative energy - https://lnkd.in/gtPuezMk Tech companies are spending big money on renewable and alternative sources of energy in an attempt to shore up enough power for energy-hungry data centres. Read More

Catch up on the latest sci-tech news with today's Daily Brief, where you can read about the new US data privacy bill that aims to rein in Big Tech, Canada's C$2.4bn AI funding package, and how wind energy provided 43pc of Ireland's electricity last month according to a new report by Wind Energy Ireland. Read today's Daily Brief here: https://ow.ly/RqyU50Rah3P #US #Data #Privacy #Canada #AI #WindEnergy #Ireland #Renewables

The acceleration of clean energy projects on the electric grid has created long backlogs of solar, wind and battery projects in utilities’ interconnection permit queues. Learn how to flexibly connect new renewable sites to speed up interconnection queues!