- The United Nations continues to institute multi-national government policies for transitioning from carbon-based fuels to renewable energy systems in an attempt to address harmful changes to the planet’s climate
- The president of last year’s U.N.-sponsored climate change conference is calling on the most economically powerful nations to help triple the global renewable energy capacity by 2030 as leaders prepare for this year’s COP29 conference
- Distributed energy solutions company Correlate Energy Corp. is focused on helping companies more fully transition to renewable energy through localized clean energy solutions and microgrids, primarily through superior green technologies and the structuring of uniquely affordable financing
- The company has completed a number of notable energy transition projects across the country, and collectively its leadership team has developed, financed and deployed more than $2 billion in clean energy projects
As this year’s United Nations Climate Change Conference (COP29) approaches, the challenges surrounding renewable energy adoption and financing for the necessary changes are being newly highlighted by governmental leaders around the globe as they prepare to discuss potential increases to their nationally determined contributions (“NDCs”).
During a recent Petersberg Climate Dialogue gathering, the president of last year’s COP28 conference emphasized four main priorities for climate finance: bolstering infrastructure, advancing technology, investing in human capital, and focusing on the Global South, according to a SolarQuarter report (https://ibn.fm/EzTna). A $12 trillion investment by the nations is needed to triple global renewable energy capacity by 2030, he said.
Distributed energy solutions company Correlate Energy (OTCQB: CIPI) is a unique source for helping make renewable energy accessible to companies seeking to transition from more carbon-intensive fuels as part of this worldwide effort to forestall the harms of pollution-driven changes to the environment. The company’s focus on solar energy infrastructure, for example, is a result of solar’s ability to “beat the grid for costs,” President and CEO Todd Michaels said during an interview earlier this year (https://ibn.fm/6FUyJ).
Some of Correlate’s more notable solar energy projects throughout the country include an 8.2 MW rooftop solar energy project for Las Vegas’ MGM Mandalay Resort, a 12.9 MW system for Arizona State University responsible for 71 percent of campus solar output, a 6.48 MW project for NFL stadiums in California, New York, Washington and Massachusetts, and a 4.5 MW system for Albertsons-Safeway stores in California.
Correlate’s leadership team has collectively developed, financed, and deployed more than $2 billion in clean energy projects, and through the establishment of decentralized systems they are now building and selling localized clean energy solutions and microgrids for industrial, commercial, and residential customers.
The company is also growing dependable income by retaining ownership of some energy systems and the ongoing revenue benefit they would provide. Through M&A activity, Correlate also expects to strategically develop its portfolio for even greater efficiencies and profitability.
Correlate’s efforts are helping the U.S. achieve key priorities for climate finance identified by the COP28 president in Petersberg. “We are creating a powerful synergy that empowers businesses to navigate the transition to a low-carbon future with confidence,” Michaels stated (https://ibn.fm/8VV42).
For more information, visit the company’s website at www.Correlate.Energy, including the following:
Breaking Down Barriers To Your ESG Goals While Generating Additional Net Operating Income: www.Correlate.Energy/our-process
Platform Generates New Rent And Operating Income, Allowing You To Meet Your ESG Goals: www.Correlate.Energy/program
NOTE TO INVESTORS: The latest news and updates relating to CIPI are available in the company’s newsroom at https://ibn.fm/CIPI
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