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Press Release: First-Ever Peace REC (P-REC) Transaction Drives Renewable Energy Development in Africa

The first-ever Peace Renewable Energy Credit (P-REC) transaction has been executed by Microsoft with Energy Peace Partners (EPP) and project developer Nuru. In the agreement, Microsoft is purchasing P-RECs issued by EPP from a new solar project in the Democratic Republic of the Congo (DRC), which will directly finance the installation of streetlights in a recently electrified neighborhood of Goma, the capital of North Kivu province. The streetlights are connected to the same solar-plus-storage system which generates the electricity associated with the P-RECs. The transaction was facilitated by renewable energy, transportation decarbonization, and climate solutions specialist 3Degrees.

Source

CSR Wire (link opens in a new window)

Categories

Energy, Environment

Region

Sub-Saharan Africa

Tags

business development, climate change, decarbonization, innovation, renewable energy, transportation

Jeff Bezos Unveils Sweeping Plan to Tackle Climate Change

Bezos expects 80% of Amazon’s energy use to come from renewable sources by 2024, before transitioning to zero emissions by 2030.

Source

CNBC (link opens in a new window)

Categories

Energy, Environment

Tags

climate change, decarbonization, renewable energy