Tagged with 'sustainable investment'

Power One AB consider hydrogen in Burundi

 

Power One´s concept combines wind, water and sun as sources of energy production. This reduces the need for expensive storage. Power One plans to use electrolyte storage, but will also set aside part of the solar park to operate a hydrogen gas production plant, which can be used, among other things, to operate boats. Since Tanganyika Lake is still clean and crystal clear, the electric propulsion of boats is an obvious complement for preserving it undisturbed. At present, there are a number of vessels operating on oil, which are used but have not so far done too much damage. Hydrogen has the advantage of being considerably cheaper as a fuel then fossil fuel, and is therefore an irresistible substitute from all points of view.

 

Hydrogen can be used for electrically driven transport on both land and water. During manufacture, water is divided into oxygen and hydrogen. The hydrogen gas is collected in tubes and then transformed into electricity via a so-called power cell. With a hydrogen tube, a power cell and an electric motor, many electric vehicles are operated today, ranging from mopeds, cars and trucks to boats. It is a durable and well-proven technology whose only residual product is oxygen and water. Oxygen is used in everything from healthcare to welding and is an import commodity in Burundi. Both oxygen and hydrogen can therefore be sold with good profits for Power One.

 

 

Hydrogen is a well-known and reliable energy storage system that has been used in industry for almost a century. The technique is simple: DC voltage produced during the day from solar panels is used in an electrolyser to separate water (H2O) into hydrogen (H2) and oxygen (O). The non-polluting oxygen is released and the hydrogen is stored under pressure into simple and durable containers. At night, when the sun is on the other side, hydrogen is led into a power cell that melts hydrogen with oxygen from the air back into water. Through this process, energy from daylight is restored back to electricity and used for night consumption.

 

If the solar park produces more energy under daylight than is consumed during the day and at night, the excess can be used to produce hydrogen for other applications, e.g. transport on the lake. In this case, hydrogen is transferred to gas tubes in the boats and then converted back to electricity via a fuel cell. This then provides electricity to the electric motor in the boat.

 

This is a very simple, well tested and durable system. With a simple pressure tank, a fuel cell and an electric motor, hydrogen can be used to operate all transport, including air, and today most of the major car manufacturers have developed hydrogen cars. The conversion of the region's boats to hydrogen operation is quite simple and plans are underway to start a rebuilding yard in Kabonga fishing port for this.

 

- By introducing an environmentally smart and emission-free boat traffic on Lake Tanganyika, Burundi will also market itself in quality tourism and offer an ecological alternative to other countries, says Janvier Nsengiumva, Commercial chief Port of Bujumbura.

Sustainable investments in Burundi

Blockhomes Burundi has now contracted Raire Invest for the financing of Power One, a 12 MW power plant in Kabonga, Burundi.

Blockhomes Burundi has been assigned by Burundi's Energy Ministry to handle the electrification of Kabonga-a previously non-electrified region in southern Burundi. The area is incredibly beautiful and lies along Tanganyika's beach towards the border with Tanzania.

Thirty-one thousand families are living in Kabonga, who mainly feed on agriculture and fishing. Kabonga community is located by the lake, but most residents live on their farms.

Currently, about 3,000 customers have registered, but the influx continues and is expected to grow to at least 5,000 before the plant is put into operation.

Through the area flows a small river with a steady flow all year round. The fall height is over one hundred meters. From this, hydropower will be extracted with several modern small-scale power plants, which do not harm the river's biological diversity. At the beach of Tanganyika, the wind is suitable for wind power. However, the primary source and central for electricity production is a 10MW solar park located on a high plateau a bit up from the lake.

Since the area of Kabonga has not been electrified previously, Blockhomes Burundi will also install a new electricity network, stable internet connection, and a digital pre-payment system. The customers who have registered today have smartphones and will thus prepay their electricity consumption via an app.

Blockhomes Burundi now offers investors the opportunity to start building Power One at an early stage.

The energy plant in Kabonga is exclusively renewable, also the storage. No CO2 compensation is, therefore, necessary for energy production. On the other hand, the electrification will lead to jobs and economic growth in the area, and thus increased consumption and emissions associated with it.

Therefore, for every $ 100 invested in the energy plant, Blockhomes Burundi will arrange the planting of a tree through the Tree4Life campaign.

 

Sustainable and actionable: A study of asset-owner priorities for ESG investing in Asia

The Economist Intelligence Unit carried out interviews with some of Asia’s largest asset owner firms, development banks, sustainable investment organisations and influential industry advocates to determine how they saw the growth of environmental, social and governance (ESG) investing in Asia, as well as the AO role in it. In parallel, we review the latest research on ESG investing in the region to give an overview of sustainable investing in Asia.

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