18 October 2024
18 October 2024
The move comes after the company faced shareholder pressure over its 2020 energy transition strategy, as profits from renewables have declined.
The standalone system will bolster the state’s energy security.
Gridless is expanding energy access in Africa by using bitcoin mining to make renewable mini-grids financially sustainable in rural communities.
The initiative aligns with the goal of a carbon pollution-free power sector by 2035.
The solar facility will be equipped with 365,300 bifacial modules and is projected to generate more than 400GWh per year.
The project will be linked to the inter-state transmission system.
The company has committed $1.6bn up to 2028 to reactivate the nuclear facility.
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