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Adani Green Begins Generation From The World’s Largest Renewable Energy Park

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Operationalizes the first 551 MW solar capacity at Khavda, starts supply to national grid

Editor’s Synopsis:

AGEL plans to develop 30 GW of clean energy at Khavda to generate ~81 billion units of electricity annuallyThis will power 16.1 million homes and avoid 58 million tonnes of CO2 emissions annuallyAGEL cements its leadership position in India with the largest operational portfolio of 9,029 MW and total portfolio of 20,844 MW

AHMEDABAD, India, Feb. 14, 2024 /CNW/ — Adani Green Energy Limited (AGEL), India’s largest renewable energy (RE) company and the second largest solar PV developer in the world, has operationalized 551 MW solar capacity in Khavda, Gujarat, by supplying power to the national grid.

AGEL achieved this milestone within 12 months of commencing work on the Khavda RE park, starting with the development of basic infrastructure, including roads and connectivity, and creating a self-sustaining social ecosystem. AGEL also transformed the challenging and barren terrain of the Rann of Kutch into a habitable environment for its 8,000-strong workforce.

AGEL plans to develop 30 GW of renewable energy capacity at this RE park. The planned capacity is expected to be operationalized in the next five years. When completed, the Khavda RE park will be the largest renewable energy installation in the world.

Energy from the Khavda RE park can power 16.1 million homes each year. With proven expertise in developing largescale renewable projects, a robust supply chain network and technological prowess, AGEL is best positioned to build this record-setting giga-scale plant with no parallel in the world’s clean energy sector.

The region is endowed with one of the best wind and solar resources in the country, which makes it ideal for giga-scale RE development. AGEL conducted extensive studies and deployed multiple innovative solutions to accelerate the development of the plant. (For more information, refer to Annexure-1). In the process, it is supporting the development of an indigenous and sustainable supply chain.

“Adani Green Energy is creating one of the world’s most extensive renewable energy ecosystems for solar and wind,” said Mr Gautam Adani, Chairman, Adani Group. “Through bold and innovative projects like the Khavda RE plant, AGEL continues to set higher global benchmarks and rewrite the world’s planning and execution standards for giga-scale renewable energy projects. This milestone is a validation of the Adani Group’s commitment and leading role in accelerating India’s equitable clean energy transition journey towards its ambitious goals of 500 GW of renewable energy capacity by 2030 and carbon neutrality.” 

India is shaping the global dialogue on a sustainable energy future. Aligned to this, AGEL is committed to delivering the transition to affordable and reliable clean energy.

About Adani Green Energy Limited

Adani Green Energy Limited (AGEL) is India’s largest and one of the leading renewable energy companies in the world, enabling the clean energy transition. AGEL develops, owns, and operates utility scale grid-connected solar, wind and hybrid renewable power plants. With a locked-in growth trajectory up to 20.8 Gigawatt (GW), AGEL currently has an operating renewable portfolio of over 9 GW, the largest in India, spread across 12 states. AGEL is credited with developing several landmark renewable energy power plants, the latest being the world’s largest wind-solar hybrid power cluster of 2,140 Megawatt (MW) in Jaisalmer, Rajasthan. The company has set a target of achieving 45 GW by 2030 aligned to India’s decarbonization goals. AGEL is focused on leveraging technology to reduce the Levelized Cost of Energy (LCOE) in pursuit of enabling largescale adoption of affordable clean energy. AGEL’s operating portfolio is certified ‘water positive for plants of more than 200 MW capacity’, ‘single-use plastic free’ and ‘zero waste-to-landfill’, a testament to the company’s commitment of powering sustainable growth.

For more information, visit: www.adanigreenenergy.com

ANNEXURE-1

Ideal location

Khavda, located in the Kutch district of Gujarat, is a promising location for wind and solar energy projects. The region witnesses ~2,060 kWh/m2 of high solar irradiation, making it ideal for solar energy generation. It is also blessed with one of the best wind resources availability in India, with speeds of ~8 meters per second.

Preparing the turf

Over the last 5 years, Adani Green conducted multiple studies, such as geotechnical investigation, seismic study, centrifuge tests, resource assessment studies, land studies, Environment and Social Impact Assessment, Environmental and Social Due Diligence, and detailed feasibility studies, amongst others, before embarking on the development of this site. AGEL deployed innovative solutions at Khavda, which will provide a scalable blueprint for giga-scale RE parks across the globe. For example, to address the unique soil strata, AGEL deployed underground stone columns to enhance soil strength.

The company is deploying India’s largest onshore wind turbine generator of 5.2 MW capacity, bifacial solar PV modules, and horizontal single-axis tracker systems. It will be leveraging its state-of-the-art Energy Network Operation Centre (ENOC) platform with AI/ ML integration to enable real-time automated monitoring.

Focus on indigenization, sustainable development

In line with the ‘Atmanirbhar Bharat’ vision, AGEL is not only focusing on clean energy production but also on developing indigenous and resilient supply chains with significantly increased share of localized procurement, such as WTGs and trackers. 

The project utilizes waterless robotic cleaning to address dust accumulation on solar panels, which will contribute to the United Nations Sustainable Development Goal 6 by conserving water in the arid Kutch region and maximize electricity generation.

AGEL is actively engaged in community development initiatives across several villages in the region, focusing on education, health, women empowerment, water conservation, and enhancing community infrastructure as part of its ESG efforts. This demonstrates its holistic commitment to enhancing social and natural capital in the region. 

Photo 1: https://mma.prnewswire.com/media/2340255/AGEL_RE_Plant_Khavda_Gujarat_1.jpg
Photo 2: https://mma.prnewswire.com/media/2340256/AGEL_Indias_largest_5_2_MW_wind_turbine.jpg
Logo: https://mma.prnewswire.com/media/1716106/Adani_Group_Logo.jpg

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SOURCE Adani Green Energy Limited

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Anterix Announces Tom Kuhn as Chairman of the Board of Directors as Morgan O’Brien Retires After More Than 12 Years on the Board

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WOODLAND PARK, N.J., Dec. 30, 2024 /PRNewswire/ — Anterix (NASDAQ: ATEX) (“the Company”) announced today utility industry veteran Tom Kuhn as Chairman of the Anterix Board of Directors, effective January 1st, as the end of 2024 marks the anticipated retirement of Morgan O’Brien as Executive Chairman of the Anterix Board after more than 12 years with the Company. O’Brien will continue as an advisor.

“Anterix and our nation’s utilities have benefited greatly from Morgan’s tremendous leadership and counsel during his tenure and his impact on the Company cannot be overstated,” said Tom Kuhn, Vice Chairman of the Board. “I am honored to be named Chairman of the Board during this important time in the Company’s evolution and look forward to supporting the Company’s efforts to drive significant growth and value creation for the benefit of all Anterix stakeholders.” 

“Morgan has been a true thought leader in our industry. On behalf of the Board and management team, I want to extend our sincere gratitude to him for his steadfast leadership and innovative vision,” said Scott Lang, Anterix President and Chief Executive Officer. “I also want to congratulate Tom on his new role, and I look forward to working with him and the rest of the Board to realize the next chapter of the Company.”

“The last 12 years have been an amazing journey. As a result of the success Anterix has already achieved, the Company is well positioned to continue in its mission of transforming our nation’s energy sector with the power of connectivity,” said Morgan O’Brien. “I am confident that under the leadership of Scott Lang and Tom Kuhn, the Company will achieve great results.”

Kuhn has served on Anterix’s Board of Directors since January 2024 and prior to that spent more than thirty years as President and CEO of the Edison Electric Institute (“EEI”), the trade association representing U.S. investor-owned electric utilities.

O’Brien has served as an executive leader with the company for more than 12 years in roles spanning from President and CEO of the Company to Executive Chairman of its Board of Directors.

About Anterix Inc. 

At Anterix, we work with leading utilities and technology companies to harness the power of 900 MHz broadband for modernized grid solutions. Leading an ecosystem of more than 100 members, we offer utility-first solutions to modernize the grid and solve the challenges that utilities are facing today. As the largest holder of licensed spectrum in the 900 MHz band (896-901/935-940 MHz) throughout the contiguous United States, plus Hawaii, Alaska, and Puerto Rico, we are uniquely positioned to enable private LTE solutions that support cutting-edge advanced communications capabilities for a cleaner, safer, and more secure energy future. To learn more and join the 900 MHz movement, please visit www.anterix.com.

Shareholder Contact 

Natasha Vecchiarelli
Vice President, Investor Relations & Corporate Communications
Anterix
973-531-4397
nvecchiarelli@anterix.com

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SOURCE Anterix Inc.

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Capital Group Canada Announces Final Cash Distributions for the Capital Group Canada ETFs (CAPG, CAPI, CAPM, CAPW)

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TORONTO, Dec. 30, 2024 /CNW/ – Capital International Asset Management (Canada), Inc. (“Capital Group Canada”) today announced the final December 2024 cash distributions for the Capital Group Canada ETFs listed below.

Unitholders of record on December 30, 2024, will receive cash distributions payable on January 3, 2025. Please be advised that the distributions announced in this press release replace those stated in the December 19, 2024, press release for these funds.

Details of the “per unit” distribution amounts are as follows:

Capital Group Canada ETF

Ticker
symbol

Distribution
per unit ($)

CUSIP

ISIN

Payment
frequency

Capital Group Global Equity
Select ETF™ (Canada)

CAPG

0.003119

14021V107

CA14021V1076

Annually

Capital Group International
Equity Select ETF™ (Canada)

CAPI

0.017656

14021W105

CA14021W1059

Annually

Capital Group Multi-Sector
Income Select ETF™ (Canada)

CAPM

0.142857

14021Y101

CA14021Y1016

Monthly

Capital Group World Bond
Select ETF™ (Canada)

CAPW

0.109468

14021X103

CA14021X1033

Monthly

For more information on the Capital Group Canada ETFs, visit: www.capitalgroup.com/ca/en

About Capital Group

Capital International Asset Management (Canada), Inc. is part of Capital Group, a global investment management firm originating in Los Angeles, California. Since 1931, the Capital Group organization has been singularly focused on delivering superior results for long-term investors using high-conviction portfolios, rigorous research and individual accountability. As of September 30, 2024, Capital Group manages more than US$2.8 trillion in equity and fixed income assets for millions of individual and institutional investors around the world.

Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital Group organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.

Commissions, management fees and expenses all may be associated with investments in investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated.

SOURCE Capital Group Canada

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Bright Light Solutions and 365 Retail Markets Announce Strategic Partnership

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Collaboration Paves the Way for Industry-Leading Innovation

TROY, Mich., Dec. 30, 2024 /PRNewswire/ — Bright Light Solutions (BLS) and 365 Retail Markets today announced a strategic partnership to drive innovation and deliver transformative solutions to the market. This collaboration leverages the combined expertise of BLS Engineering and 365 Engineering, led by Anton Rakushkin, to develop cutting-edge technologies that will redefine industry standards.

BLS and 365 look forward to engaging in this partnership and are confident it will yield significant success and deliver substantial value to both companies and our customers.

About Anton Rakushkin
Mr. Rakushkin, founder of BLS, brings twenty years of experience in retail technology to 365 Retail Markets, including time with Streamware Corporation and Crane Connectivity Solutions. He holds impressive accomplishments in the areas of vending management, including the architecture of Vendmax, an extensively used VMS system across the industry. His achievements also include innovations around data exchange and tools for operator success such as industry-first pre-kit and dynamic scheduling features. Rakushkin has had notable success working closely with both customers and other solution providers to create widely adopted industry standards.

CONTACT:   
Navreet Gill
VP of Marketing & Communications, 365 Retail Markets
navreet.gill@365smartshop.com

About 365 Retail Markets
365 Retail Markets is the global leader in unattended retail technology. Founded in 2008, 365 provides a full suite of best-in-class, self-service technologies for food service operators including end-to-end integrated SaaS software, payment processing and point of-sale hardware. Today, the company’s technology solutions autonomously power food retail spaces at corporate offices, manufacturing and distribution facilities, hospitality settings and more, in order to provide compelling foodservice options for consumers. 365’s technology solutions include a growing suite of frictionless smart stores, micro markets, vending, catering, and dining point-of-sale options to meet the expanding needs of its customers. 365 continuously pioneers innovation in the industry with superior technology, strategic partnerships and ultimate flexibility in customization and branding.  

For more information about 365 Retail Markets, visit www.365retailmarkets.com and connect on Facebook, Twitter, YouTube, and LinkedIn 

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SOURCE 365 Retail Markets, LLC

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