Page 16 - Infinity Power Report

Infinity Power 2023 Sustainability Report
Acting on the
climate crisis
Growing renewable energy capacity is
critical in the race to decarbonise our
global energy system and avoid the
worst impacts of the climate crisis.
While Africa is responsible for few greenhouse
gas emissions to date, the continent’s growing
economy and rapidly expanding energy needs
must be met with a fast and fair transition to low
carbon energy sources. Climate action ambition
across Africa remains high, with African nations
already feeling the devastating effects of our
changing climate.
Our vision is to power Africa through renewable
technologies. Infinity Power’s wind and solar
energy capacity stands at 1,280 MW today. This
low carbon electricity avoids 3.1 million tonnes
of CO e emissions each year, compared with
2
conventional fossil fuel electricity sources in Africa.
16
Both solar and wind power are highly cost- Measuring our climate impact
INFINITY POWER CARBON FOOTPRINT
effective low carbon energy sources, and our
Our renewable energy projects directly contribute 2022 (SCOPE 1, 2 AND 3)
operations are directly supporting African nations’
to a lower carbon energy sector in Africa, and as a
clean energy goals. For instance:
responsible operator we still carefully monitor and
Direct emissions 10.6% TONNES OF CO E EMISSIONS AVOIDED EACH
2
measure our carbon footprint. By reducing our 876 tCO e YEAR FROM GENERATING CLEAN ENERGY*
2
• When it was commissioned as West Africa’s
own operational emissions, we can have a greater * compared to emissions from conventional fossil fuel sources in Egypt,
first utility scale windfarm, we produced Senegal and South Africa
positive impact and contribution to national Indirect electricity
56.7%
around 15% of Senegal’s renewable energy emissions
climate commitments. Our combined solar and 4,689 tCO e
2
generation at our 159 MW windfarm at Taiba
wind assets helped avoid 3.1 million tonnes of
N’Diaye each year
CO e in 2023.
2
• In Egypt we are developing the world’s largest
onshore wind farm (in collaboration with Our priority in 2023 was to establish a baseline
OF CO E SAVED PER YEAR THROUGH
Hassan Allam Utilities and Masdar). for the group’s carbon emissions. Looking back 2
OUR CLIMATE RESILIENCE AND NATURE
• In Egypt our current capacity stands at 444 MW at 2022, the combined carbon footprint of Infinity PROTECTION PROJECTS IN SENEGAL
making us the largest wind and solar focused Power’s assets was 8,267 tonnes of CO e. The
2
independent power producer operating in main source of carbon emissions from our solar
the country. and wind operations is the energy we purchase to
power our operations (scope 2 emissions).
Our ambition is to grow to 10 GW of renewable
power by 2030 and operate across all corners of We also measure some of the other indirect Other indirect 32.7% OF CO E PER MWH GENERATED
emissions 2
Africa. While we prioritise renewable and reliable emissions related to our business, such as 2,702 tCO e
2
energy access for Africa, we want to harness our emissions related to water used at our sites,
continent’s enormous renewable potential and and emissions from employee commuting and
ultimately export low carbon energy to support business travel (scope 3).
global climate action.
We recognise that there are further upstream and
. downstream emissions that we could explore and
Scope 1 Scope 2 Scope 3*
measure in future such as emissions from the
*Scope 3 emissions include water use, waste and wastewater
materials, manufacturing and construction of our produced on sites, upstream electricity and fuel use, business
travel, employee commuting and homeworking.
renewable energy assets.