A Boring article? We think Not!
A Boring article? We think Not!
Each month we’re drawing together a few stories and articles that we think will be of interest to our members.
A Boring article? We think Not!
We all know Elon Musk is a pioneering entrepreneur, but this article highlights how his Boring Company has raised $675M to scale 'Loop' projects - underground highways to alleviate traffic congestion in Las Vegas.
To solve the problem of soul-destroying traffic, roads must go 3D, which means either flying cars or tunnels are needed. Unlike flying cars, tunnels are weatherproof, out of sight, and won't fall on your head.
Tunnels minimize usage of valuable surface land and do not conflict with existing transportation systems. A large network of tunnels can alleviate congestion in any city; no matter how large a city grows, more levels of tunnels can be added.
Could this be the next thing alongside autonomous vehicles?
Pioneering large-scale green ammonia project gets world's first clean hydrogen certificate
German certification body TÜV Rheinland has recently given a stamp of approval to a planned facility in Oman, which will have 300MW of electrolysers powered by 500MW of solar!
The facility, in the emerging Duqm of Oman special economic zone, is due to produce 1.2 million tonnes of green ammonia per year (by combining green hydrogen with nitrogen from the air) upon completion of the first phase.
There are some associated articles related to this news on the link below if you would like to find out more details.
Other options for financing renewable energy projects
In this article, TC Pattabiraman, CFO of Vector Green Energy delves into the need to look beyond traditional financing options for renewable energy players and the challenges therein!
It discusses the use of Interest bearing hybrid instruments and NCD/ICD that offer flexibility to pay interest and redeem the instruments that also provide a tax shield, which provides a kicker to the Return on Equity and boosts project viability. These are things that we all like!
Dutch bank ING ends financing for new oil and gas projects
The move by this Dutch financial services giant raises pressure on peers to heed a call by the International Energy Agency (IEA) for a halt to funding for new fossil fuel projects to help cap global warming at no more than 1.5 degrees Celsius.
The bank will target a 50% increase in lending for renewable energy by 2025, building on strong growth in 2021, when financing grew 26% to 7.3 billion euros ($8.05 billion).
Natural Capital - Belize to develop world’s first fully coastal and marine Project Finance for Permanence (PFP) Initiative
We are seeing ever growing interest in projects focussed on Natural Capital investment. Belize announced plans to design a coastal and marine project Finance for Permanence (PFP) initiative. This is an innovative approach to provide a long-term enabling environment for sustainable financing.
The approach was adapted from private-sector practices for organising and financing complex, resource-intensive, and well-defined projects. PFP initiatives address an issue often seen in the conservation community: insifficient funding for the management of conservation areas.