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TransAlta Establishes Renewables Growth Targets and Declares Dividend Increase of 11%

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Highlights

  • TransAlta has established targets to deliver 2 GW of incremental renewables capacity with a targeted investment of $3 billion by 2025
  • TransAlta will accelerate its growth with a focus on customer-centred renewables and storage through the execution of its 3 GW development pipeline
  • TransAlta will suspend the Sundance Unit 5 repowering
  • TransAlta will retire Keephills Unit 1 effective December 31, 2021, and retire Sundance Unit 4 effective April 1, 2022
  • TransAlta’s Board of Directors has approved an 11 per cent dividend increase on its common shares
  • TransAlta will be completely off-coal by the end of 2025 and will realize a 70% reduction on carbon emissions by 2030 against a 2005 baseline

CALGARY, AB, Sept. 28, 2021 /PRNewswire/ – TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) is pleased to announce its strategic growth targets, which strengthen the Company’s commitment to being a leader in clean electricity by delivering customer-centered power solutions.  The strategic growth targets include adding 2 GW of new capacity to the Company’s fleet, and investing approximately $3 billion developing, constructing and acquiring new assets by the end 2025. 

“We have significant growth aspirations across Canada, the United States and Australia  with a focus on renewable and storage power solutions for large customers,” remarked John Kousinioris, President and Chief Executive Officer of TransAlta. “As we look forward to 2025, we are confident in our investment strategy and the decision to expand further into contracted renewables with onshore wind, solar and battery storage across our platform. We believe this enhanced customer focus on renewable generation and storage will provide significant value for our shareholders.” 

The Company is also pleased to announce that its Board of Directors (the “Board”) has approved an 11 per cent increase on its common share (“Common Share”) dividend and declared a dividend of $0.05 per Common Share to be payable on January 1, 2022 to shareholders of record at the close of business on December 1, 2021. The quarterly dividend of $0.05 per Common Share represents an annualized dividend of $0.20 per Common Share.  

“This decision represents the third dividend increase by the Company in the past two years and reflects the Board’s confidence in the Company’s strategic direction while affirming the Company’s commitment to realizing returns for its shareholders,” said John Kousinioris.            

Alberta Thermal Retirements and Suspension of Sundance 5 Repowering 

Following an in-depth evaluation and assessment of the Sundance Unit 5 repowering project, the Company has determined to suspend the project.  This decision was made due to escalating costs, changing supply and demand dynamics and forecasted power prices in the Alberta market, as well as risks associated with the evolving regulatory environment.  The Company expects to redeploy the capital previously allocated to the Sundance Unit 5 repowering to renewable growth projects. 

In addition, the Company has determined to retire Keephills Unit 1 effective December 31, 2021, and to retire Sundance Unit 4 effective April 1, 2022, and has provided notice to the Alberta Electric System Operator of its intention to retire such units.  The retirement decisions were largely driven by TransAlta’s assessment of future market conditions, the age and condition of the units and the Company’s strategic focus toward customer-centred renewable energy solutions. These retirements further support the Company’s decarbonization efforts, which also include ceasing all coal fired generation in Canada by the end of 2021 and across its fleet by the end of 2025.  TransAlta expects that by 2030, it will reduce emissions by 70 per cent over 2005 levels and it remains committed to achieving carbon neutrality by 2050.  

Accelerating Customer-Centred Clean Electricity Growth Plan

The Company’s recently adopted strategic growth targets include:

  • delivering 2 GW of incremental renewables capacity with a targeted investment of $3 billion by the end of 2025. Already this year the company has announced 300 MW of new build projects and asset acquisitions and has 500 MW in advanced-stage development;
  • accelerating growth into customer-centred renewables and storage through the development of its 3 GW development pipeline;
  • expanding the Company’s development pipeline to 5 GW by 2025 to enable a two-fold increase in its renewables fleet by 2030;
  • realizing targeted diversification and value creation by focusing on expanding our platform in each of our core geographies (Canada, United States and Australia); and
  • by the end of 2025, defining the next generation of power solutions and technologies and potential for parallel investments in new complementary sectors.

The Company is actively advancing its development pipeline, which currently consists of 1.2 GW in the United States, up to 2 GW in Canada and 270 MW in Australia.  The recently announced acquisition of a 122 MW portfolio of operating solar facilities located in North Carolina, which is expected to close in mid-October, will represent a significant expansion of the Company’s solar generation.  The Company intends to further expand its solar generation by actively pursuing solar opportunities in the United States and Australian markets.  The Company is also focused on pursuing hybrid integrated power solutions with customers. 

Investor Day

TransAlta will be hosting an Investor Day later today at 10:00 am EDT during which our executive team will discuss our strategic objectives and growth targets, our leading approach to environment, social and governance matters, our strategy to optimize and maintain our competitive advantage in Alberta, our commitment to delivering operational excellence, and our financial strategy and plan.  The presentation will be broadcast live via webcast with video and will be accessible by web browser.  The recorded video webcast and corresponding presentation will also be made available on the Investor Centre section of TransAlta’s website at http://www.transalta.com/investors/events-and-presentations following the event.

Webcast attendees can pre-register to receive web access information for the live event below.  Registration for the event can also be found in the Investor Centre of TransAlta’s website.

2021 Virtual Investor Day Webcast Registration Link:
https://transaltainvestorday.can.chime.live/app/app.html

Event details:
2021 Investor Day – TransAlta
September 28, 2021
Start time: 8:00 a.m. MT / 10:00 a.m. EDT

About TransAlta Corporation:

TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers clean, affordable, energy efficient, and reliable power. Today, TransAlta is one of Canada’s largest producers of wind power and Alberta’s largest producer of hydroelectric power. For over 100 years, TransAlta has been a responsible operator and a proud community-member where its employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals and we have been recognized by CDP (formerly Climate Disclosure Project) as an industry leader on Climate Change Management, having recently achieved an A- score from CDP.

For more information about TransAlta, visit its web site at transalta.com.

Forward-Looking Statements

This news release contains “forward-looking information”, within the meaning of applicable Canadian securities laws, and “forward-looking statements”, within the meaning of applicable United States securities laws, including the United States Private Securities Litigation Reform Act of 1995 (collectively referred to herein as “forward-looking statements”). Forward-looking statements are predictive in nature, depend upon or refer to future events or conditions, or include words such as “expects”, “anticipates”, “plans”, “predicts”, “believes”, “estimates”, “intends”, “targets”, “projects”, “forecasts” or negative versions thereof and other similar expressions or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”. These statements may include, without limitation, statements regarding: TransAlta’s ability to maintain and execute its strategy,  including  forecasted growth capital expenditures; expanding the Company’s development pipeline; realizing diversification and value creation in Canada, the U.S. and Australia; the retirement of Sundance Unit 4 and Keephills Unit 1; and the suspension of the Sundance 5 repowering.

These forward-looking statements are based upon certain material factors or assumptions that were applied in developing the forward-looking statements, including the design specifications of development projects, the provisions of contracts to which TransAlta or a subsidiary is a party, management’s current plans and its perception of historical trends, current conditions and expected future developments, as well as other factors that are believed to be appropriate in the circumstances. Some of the factors, many of which are beyond TransAlta’s control and the effects of which can be difficult to predict, but may cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to: more restrictive directives of government and public health authorities; reduced labour availability and ability to continue to staff our operations and facilities; disruptions to our supply chains, including our ability to secure necessary equipment and to obtain regulatory approvals on the expected timelines, or at all; force majeure claims; curtailments reducing merchant production; our ability to maintain our credit ratings; restricted access to capital and increased borrowing costs; increased costs, including those resulting from our efforts to mitigate the impact of COVID-19; regulatory and environmental processes delays; adverse impacts on our information technology systems and our internal control systems; political uncertainty; disruptions in the transmission and distribution of electricity; the effects of weather, natural disasters and other climate-related risks; results and exposures of our Energy Marketing segment, including deviations from historical variances; disruptions to our operations, including unplanned outages, equipment failure and our ability to carry out repairs in a cost-effective or timely manner; and general competition and industry risks. We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking statements, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements or information in this news release, whether as a result of new information, future events or otherwise. Past performance is not indicative nor a guarantee of future results. The foregoing risk factors, among others, are described in further detail in the Corporation’s Management’s Discussion and Analysis and Annual Information Form for the year ended December 31, 2020, which are available on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission at www.sec.gov. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect the Corporation’s expectations only as of the date of this news release. The purpose of the financial outlooks contained in this news release are to give the reader information about management’s current expectations and plans and readers are cautioned that such information may not be appropriate for other purposes and is given as of the date of this news release. The Corporation disclaims any intention or obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE TransAlta Corporation

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Source: https://www.prnewswire.com:443/news-releases/transalta-establishes-renewables-growth-targets-and-declares-dividend-increase-of-11-301386352.html

Energy

People’s Daily Online: uma pesquisa do Instituto de Zoologia de Kumming mostrou um aumento estável da população de pavões verdes, uma espécie ameaçada de extinção

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O pavão verde é uma espécie de ave nativa da China. Ela foi listada como espécie ameaçada de extinção em 1988, como vulnerável em 1994, e foi atualizada para espécie ameaçada em 2009 na Lista vermelha de espécies ameaçadas da IUCN.

Para proteger e salvar o pavão verde selvagem, o governo de Yunnan o listou como uma “Espécie com população minúscula” na província de Yunnan em 2009, destinou fundos especiais e adotou uma série de medidas para fortalecer a proteção do pavão verde e do seu habitat. Enquanto isso, o trabalho de construção de uma base de inseminação artificial com a ajuda do centro de reprodução e resgate da vida selvagem de Yunnan e a realização de pesquisas sobre inseminação artificial com a cooperação de unidades de pesquisa científica relevantes alcançaram sucesso preliminar. Depois que o número da população de pavões verdes gerados por inseminação artificial atingir um determinado nível, a domesticação no campo e outros trabalhos serão iniciados, e também serão elaborados planos para soltar o pavão verde na área de distribuição em potencial.

Graças às medidas de proteção eficazes, a população do pavão verde está estável e aumentando. Os dados mostram que Yunnan tinha cerca de 485 a 547 pavões verdes em 2018, e 555 a 600 indivíduos de 2019 a 2021. Entre eles, os pavões verdes selvagens estavam mais concentrados nas áreas do vale da parte de cima e do meio do rio Yuanjiang, onde a população também é a maior. De acordo com os resultados de câmeras infravermelhas e monitoramento por vídeo em várias reservas da natureza, nos últimos anos, há uma tendência de mudança e crescimento de algumas das áreas em que o pavão verde de Yunnan habita.

Contato: Zhao Jian, Li Faxing
Tel: 0086-871-64184120
E-mail: [email protected]

Foto – https://mma.prnewswire.com/media/1662819/Green_Peafowl___Photo_by_Li_Shengchang.jpg

Foto – https://mma.prnewswire.com/media/1662820/Green_Peafowl___Photo_provided_by_Dino_River_Natural_Reserve.jpg

Logotipo – https://mma.prnewswire.com/media/1662818/Peoples_Daily_Online_LOGO.jpg

FONTE People’s Daily Online

SOURCE People’s Daily Online

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Source: https://www.prnewswire.com:443/news-releases/people-s-daily-online-uma-pesquisa-do-instituto-de-zoologia-de-kumming-mostrou-um-aumento-estavel-da-populacao-de-pavoes-verdes-uma-especie-ameacada-de-extincao-819339436.html

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Energy

Segunda Conferência Ministerial de Energia da Rota e Cinturão é realizada em Qingdao

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A iniciativa especifica o papel da energia eólica, solar, hídrica, biomassa, nuclear e outras formas de energia verde para a implementação do Acordo de Paris e o Plano de 2030 para o Desenvolvimento Sustentável das Nações Unidas, ressaltando que a energia verde está se tornando um importante impulsionador para o desenvolvimento econômico global e trará oportunidades sem precedentes para a cooperação mutuamente benéfica entre os países.

A iniciativa adota o princípio “responsabilidades comuns, mas diferenciadas (CBDR)”, clamando pelo repeito ao direito de cada país de escolher seu próprio caminho para a transição energética. Ela enfatiza a necessidade de maior apoio aos países em desenvolvimento em termos de fundos, tecnologia e capacidade de construção para um desenvolvimento mais equilibrado e ampliado de energia verde.

A iniciativa exige ações conjuntas para apoiar o desenvolvimento de energia verde e de baixo carbono em países em desenvolvimento. As tarefas específicas incluem a definição de planos e metas mais ambiciosos de desenvolvimento de energia verde, a melhoria da confiabilidade e da resiliência do fornecimento de energia verde e a criação de um ambiente mais atraente para o investimento em energia verde.

Contato:Zhu Yiling
Tel.:+86-532-85911619
Site:http://www.qingdaochina.org
Facebook:https://www.facebook.com/qingdaocity
Twitter:https://twitter.com/loveqingdao

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Logotipo – https://mma.prnewswire.com/media/1245709/Qingdao_Logo.jpg

FONTE Stadt Qingdao

SOURCE Stadt Qingdao

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Source: https://www.prnewswire.com:443/news-releases/segunda-conferencia-ministerial-de-energia-da-rota-e-cinturao-e-realizada-em-qingdao-847051936.html

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Energy

LONGi announces “Net-zero Plant” pledge at UN biodiversity conference

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With the challenges of climate change and biodiversity loss growing, the realization of global sustainable development has reached a crossroads. As the only solar energy company invited to attend the 15th meeting of the Conference of the Parties to the Convention on Biological Diversity (COP15), LONGi firmly believes that photovoltaics can change the earth’s ecology and contribute to biodiversity protection.

“Climate change has an all-round impact on biodiversity, and unreasonable energy development modes represent a key factor leading to climate change and increasing biodiversity issues,” said Li, going on to add that LONGi is a staunch supporter of climate action, in the belief that photovoltaics plus energy storage can be a powerful weapon to mitigate climate change. The company has taken the lead in promoting the reduction in cost and increase in efficiency of photovoltaic products, reducing the cost of photovoltaic power generation by more than 90% over the past decade, providing technical support for the achievement of carbon peak and neutrality goals.

LONGi launched its “Solar for Solar” concept in December 2018, based on manufacturing photovoltaic products driven by photovoltaic power generation, with the objective of extending the role of PV in ecological restoration. The concept had originated in Yunnan Province, where LONGi was the first PV company to establish a base, going on to play a leading role in the development of the province’s new energy industry.

In 2020, LONGi successively joined RE100, EV100, EP100 and Scientific Carbon Target (SBTi), becoming the only Chinese solar technology company to join four international initiatives at the same time. The company’s Baoshan production base, in effect the first “Net-zero Plant”, was also a concrete implementation of the four initiatives, and can be viewed as the starting point for “Net-zero LONGi”.

Yunnan is the province with the most abundant green energy in China. Installed capacity  accounts for 85%, with power generation from green energy reaching 90%, laying a very solid foundation for building a net-zero plant.

“We are planning on two years to achieve zero emissions within the operational scope of the LONGi Baoshan base by purchasing green power, energy-saving technological transformation and carbon emission offset measures.” Li divided the realization of the “Net- zero Plant” into four steps: Firstly, ensuring that 100% of the Baoshan base utilises green power throughout the year; secondly, completing the production technology transformation of the base’s carbon deposition materials to significantly reduce natural gas leakage; thirdly, promoting green production in the base and, finally, purchasing Chinese Certified Emission Reduction (CCER) to offset carbon emissions that cannot be completely eliminated.

Li concluded: “LONGi will always be a defender of and contributor to ecological harmony, sparing no effort to achieve net-zero targets, promote global energy transformation and join hands with partners from all walks of life to jointly realize this vision.”

SOURCE LONGi Solar

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Source: https://www.prnewswire.com:443/news-releases/longi-announces-net-zero-plant-pledge-at-un-biodiversity-conference-301402900.html

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Energy

Sinopec coloca em operação o maior cluster de armazenamento de gás do norte da China com fornecimento de dez bilhões de metros cúbicos de armazenamento de gás

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A instalação de armazenamento de gás tem capacidade de 10,03 bilhões de  metros cúbicos e será uma importante garantia de recursos para armazenamento de gás e geração de energia em horários de pico do inverno até a primavera na região norte da China e na bacia do rio Amarelo, além de garantir um suprimento de gás estável.

O cluster de armazenamento de gás Zhongyuan da Sinopec agora tem três blocos, o Wen 23, o Wen 96 e o Wei 11. A instalação de armazenamento de gás Wei 11, que agora está instalada e em funcionamento, é um componente fundamental para estabelecer o cluster de armazenamento de gás natural que chega a dez bilhões de metros cúbicos. O bloco está localizado na junção das províncias de Henan e Shandong e tem capacidade projetada de 1,009 bilhão de metros cúbicos. A maior capacidade de geração de energia em horários de pico diário da instalação de armazenamento de gás Wei 11 é de cinco milhões de metros cúbicos, o que pode atender às demandas de gás de dez milhões de residências todos os dias.

Além disso, a Sinopec terá suas instalações de armazenamento de gás Wen 13 West e Bai 9 na região do campo petrolífero de Zhongyuan instaladas e em funcionamento até o final deste ano, após concluir a construção e injeção de gás, adicionando uma capacidade de armazenamento de gás estimada em 1,116 bilhões de metros cúbicos, aumentando ainda mais os recursos da empresa em armazenamento de gás e geração de energia em horários de pico.

O armazenamento de gás é um “banco de gás natural” subterrâneo, uma infraestrutura de energia que integra geração de energia em horários de pico sazonais, fornecimento de gás em casos de acidente de emergência e reservas nacionais de energia estratégica. À medida que a proporção de gás natural continua a expandir na estrutura de consumo de energia da China, os picos e vales do fornecimento de gás natural, bem como as diferenças sazonais, estão se tornando cada vez mais evidentes. O armazenamento de gás pode “depositar” o excedente de gás natural no mercado e “empurrar” o tempo de escassez de abastecimento durante a estação de aquecimento no inverno para garantir a geração de energia em horários de pico de demanda por gás natural.

A Sinopec continua acelerando a construção de instalações de armazenamento de gás e aprimorando os recursos de armazenamento de gás e de geração de energia em horários de pico na China. A empresa está se preparando para concluir projetos importantes, incluindo o cluster de armazenamento de gás Zhongyuan e a instalação de armazenamento de gás Huangchang na província de Hubei e muito mais, após a conclusão das instalações de armazenamento de gás, incluindo Yong 21, na província de Shandong, Wei 11, na região do campo petrolífero de Zhongyuan, Guxi, na província de Jilin e Qingxi, na província de Sichuan, expandindo continuamente a escala de armazenamento de gás natural e aprimorando efetivamente a capacidade de armazenamento e os recursos de geração de energia em horários de pico de gás para garantir o fornecimento de gás natural.

Para obter mais informações, acesse Sinopec.

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FONTE SINOPEC

Related Links

http://www.sinopec.com/listco/en/

SOURCE SINOPEC

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Source: https://www.prnewswire.com:443/news-releases/sinopec-coloca-em-operacao-o-maior-cluster-de-armazenamento-de-gas-do-norte-da-china-com-fornecimento-de-dez-bilhoes-de-metros-cubicos-de-armazenamento-de-gas-881799772.html

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