Author: sHq_LoGiNz

Music Legends Wynonna Judd and Steve Earle Also Added to Historic Food and Music Event Roster, Scheduled for Sept. 20 in Minneapolis

MINNEAPOLIS, July 29, 2025 /PRNewswire/ — 2025 Country Music Hall of Fame electee Kenny Chesney is set to make his fourth Farm Aid appearance at this year’s annual music and food festival at Huntington Bank Stadium on Saturday, Sept. 20. Wynonna Judd and Steve Earle have also joined the all-star lineup, the organization revealed today.

“We’re excited to have Kenny Chesney back on the Farm Aid stage this year,” said Jennifer Fahy, co-executive director of Farm Aid. “He’s one of many artists who have returned to Farm Aid, generously donating their travel and performances to raise awareness about the family farmers who grow good food for all of us. Kenny’s appearance, along with the addition of music legends Wynonna Judd and Steve Earle, will make this an unforgettable anniversary event.”

Chesney, an eight-time Academy of Country Music and Country Music Association Entertainer of the Year award winner, is one of America’s biggest concert draws. Farm Aid will mark his only 2025 concert performance outside his recently wrapped Sphere residency. Judd is one of the most decorated female artists in country music history, with 19 No. 1 singles and an induction into the Country Music Hall of Fame. Earle, who became a member of the Grand Ole Opry this year, is no stranger to the Farm Aid stage; this year will be his ninth appearance since joining the inaugural event in 1985.

Together, they join the star-studded Farm Aid 40 lineup, which features Farm Aid board members Willie Nelson, Neil Young (and the Chrome Hearts), John Mellencamp, Dave Matthews (with Tim Reynolds), and Margo Price, as well as Billy Strings, Nathaniel Rateliff & The Night Sweats, Trampled by Turtles, Waxahatchee, Eric Burton of Black Pumas, Jesse Welles, Madeline Edwards, and Wisdom Indian Dancers.

Tickets for Farm Aid’s 40th anniversary music and food festival are available for purchase at farmaid40.org. Ticket prices range from $101 to $390 (fees included, not sales tax). For venue information, visit farmaid.org/festival/venue-information. More details are also available at farmaid.org/festival.

For festival and 40th anniversary updates, follow Farm Aid on Facebook (facebook.com/farmaid), Instagram (instagram.com/farmaid), X (@FarmAid), Bluesky (@farmaid.org) and Threads (threads.com/@farmaid). Festivalgoers are encouraged to use the hashtags #FarmAid40 and #Road2FarmAid40 to join the conversation on social media.

Farm Aid’s mission is to build a vibrant, family farm-centered system of agriculture in America. Farm Aid artists and board members Willie Nelson, Neil Young, John Mellencamp, Dave Matthews and Margo Price host an annual festival to raise funds to support Farm Aid’s work with family farmers and to inspire people to choose family farm food. Since 1985, Farm Aid, with the support of the artists who contribute their performances each year, has raised more than $85 million to support programs that help farmers thrive, expand the reach of the Good Food Movement, take action to change the dominant system of industrial agriculture and promote food from family farms.

**Editors, Producers and Photographers Note: Advance credentials are required for all media to attend Farm Aid 40. Please visit farmaid.org/media by Monday, Sept. 8, to learn about these requirements and apply. Media can download official Farm Aid photos and videos at farmaid.org/media. 

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SOURCE Farm Aid

LONDON, July 29, 2025 /PRNewswire/ — The Energy Transitions Commission (ETC) has today published a landmark report, Power Systems Transformation: Delivering Competitive, Resilient Electricity in High-Renewable Systems. The report sets out that global power systems dominated by wind and solar generation can reliably deliver electricity at costs comparable to or lower than today’s fossil fuel-based power systems in most parts of the world.

Electricity is projected to provide up to 70% of global final energy consumption in a decarbonised energy system, growing from around 20% today. Total global electricity demand could potentially triple, reaching 90,000 TWh by 2050 compared to 30,000 TWh today, and be met with new generation predominantly from wind and solar.

A Global Opportunity

The report shows that many countries can operate power systems with 70% or more electricity from wind and solar, using proven technologies available today, like battery storage, other energy storage, long-distance transmission, and flexible energy use. It highlights significant regional opportunities:

• “Sun belt” countries – including India, Mexico, and much of Africa – are best-positioned to cut power system costs by transitioning to low-cost, solar-led systems, which mainly require day-night balancing.
• In contrast, “wind belt” countries – such as the UK, Germany, and Canada – that rely on higher shares of wind face higher balancing costs, but can still achieve affordable, stable systems through smart policy and innovation.
• In many regions, long-distance transmission lines can be one of the most cost-effective solutions to balancing supply and demand, and should be maximised where feasible.

Rapid electrification of buildings, transport and industries and decarbonisation of power systems must advance together to keep costs per kilowatt-hour affordable for consumers and businesses.

“Multiple technologies, including nuclear and geothermal, may play a role in zero-carbon power systems. But wind and solar will be the dominant source of power in most countries, providing 70% or more of electricity at costs at or below today’s fossil-based systems. In particular, in the global sun belt, the collapsing cost of solar PV and batteries makes possible far cheaper and more rapid growth in green electricity supply than seemed feasible 10 years ago. But wind belt countries can also achieve cost-effective decarbonisation by leading in offshore wind, long-duration storage, and grid innovation.” said Adair Turner, Chair of the Energy Transitions Commission.

Key Findings:

• It is technically possible for wind- and solar-dominant systems to be stable and resilient with the right mix of balancing and grid technologies. These systems are no more likely to experience blackouts than thermal generation-dominated systems.
• High wind and solar systems can be competitive with today’s wholesale prices and grid costs. Sun belt countries could see costs more than halve to $30–$40/MWh by 2050. Wind-dependent country costs (e.g., UK) are higher, but in the future could be comparable to current levels.
• The “last mile” of decarbonisation will be the most expensive, particularly in countries which need ultra-long duration balancing to meet seasonal variations in supply and demand. Once countries have reached very low levels of carbon intensity (e.g., less than 50g per kWh), electrification is more important than rapid last-mile decarbonisation.
• Up to 30% of all global power demand could be time-shifted through demand-side flexibility. This requires the development of dynamic pricing and the use of smart management technologies.
• Grid costs per kWh can be kept stable. Total global grid length will need to more than double by 2050, reaching around 150–200 million km. Annual grid investment could rise from $370 billion in 2024, peaking at $870 billion in the 2030s. However, ~35% of grid expansion costs (equivalent to $1.3 trillion in Europe¹) could be avoided between now and 2050 through the usage of innovative grid technologies.
• Delivering low-cost, high variable renewable energy power systems will require strategic vision and planning, including market reform to put all technologies on a level playing field, grid modernisation enabled by innovative technologies, supply chain development strategies and customer engagement.

“Clean electricity is essential for climate action and is the most affordable way to power economic development. Countries can build resilient economies fit for the future by investing in renewables, grids, and flexibility now. Indeed it is their obligation to do so, according to the recent ICJ advisory opinion. Low-cost, clean power is what people, industry and businesses want. Countries must deliver it now, and this report shows that they can.” said Christiana Figueres, Founding Partner, Global Optimism.

Policymakers, the power industry, and financial institutions should collaborate to ensure:

• Appropriate planning of high wind/solar systems to expedite planning approvals and minimise deployment bottlenecks.
• Electrification of demand that keeps pace with generation and grid build-out to avoid the cost per kWh increasing for consumers.
• Accelerate power market reforms to unlock investment in critical technologies.
• Address workforce and supply chain bottlenecks to enable delivery at scale.

“Renewables are the core of the global energy transition, delivering clean, reliable, and affordable power. Wind, solar, hydropower, geothermal, storage and modern grids are transforming electricity systems and opening new opportunities for growth, investment, and energy security.

To keep this momentum, deployment must advance alongside grid expansion, market reform, and investment. Together, these build competitive, resilient systems that support jobs and economic progress. With governments leading and the private sector supporting, renewables will deliver a clean, secure, and just energy future.” said Bruce Douglas, CEO at Global Renewables Alliance.

The ETC also published a supplementary briefing, Connecting the World: Long-Distance Transmission as a Key Enabler of a Zero-Carbon Economy, focused on the role of cross-border interconnectors and long-distance transmission in accelerating the energy transition.

Additional Quotes

Additional quotes from Ausgrid, Iberdrola, Mission Possible Partnership, Octopus Energy, Schneider Electric, SSE, Ember, and Transition Zero are available here.

About the ETC:
Power Systems Transformation: Delivering Competitive, Resilient Electricity in High-Renewable Systems was developed in collaboration with ETC members from across industry, financial institutions, and civil society. The Energy Transitions Commission is a global coalition of leaders from across the energy landscape committed to achieving net-zero emissions by mid-century. This report constitutes a collective view of the ETC; however, it should not be taken as members agreeing with every finding or recommendation.

Download the report: https://url.uk.m.mimecastprotect.com/s/HXpOC14zlTp3o0nsXs4iV1vhC?domain=energy-transitions.org/

 

For further information on the ETC, please visit: https://www.energy-transitions.org

¹ BNEF (2024), New Energy Outlook.

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SOURCE Energy Transitions Commission

MEXICO CITY, July 28, 2025 /PRNewswire/ — FIBRA Prologis (BMV:FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in Mexico, declared today a cash distribution of Ps. 1,117.2 million (US$60.2 million), or Ps. 0.6958 per Certificado Bursátil Fiduciario Inmobiliario (“CBFI”) (US$ 0.0375 per CBFI).

The distribution is payable August 12, 2025, to CBFI holders.

Ex-dividend date of August 11, 2025.

Record date of August 11, 2025.

ABOUT FIBRA PROLOGIS

FIBRA Prologis is a leading owner and operator of Class-A industrial real estate in Mexico. As of June 30, 2025, the company’s portfolio comprised 507 Investment Properties, totaling 87.0 million square feet (8.1 million square meters). This includes 345 logistics and manufacturing facilities across 6 industrial core markets in Mexico, comprising 65.5 million square feet (6.1 million square meters) of Gross Leasing Area (GLA) and 162 buildings with 21.5 million square feet (1.9 million square meters) of non-strategic assets in other markets.

FORWARD-LOOKING STATEMENTS

The statements in this release that are not historical facts are forward-looking statements. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which FIBRA Prologis operates, management’s beliefs and assumptions made by management.  Such statements involve uncertainties that could significantly impact FIBRA Prologis financial results. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature.  All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to rent and occupancy growth, acquisition activity, development activity, disposition activity, general conditions in the geographic areas where we operate, our debt and financial position, are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust (“FIBRA”) status and tax structuring, (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings, (vii) risks related to our investments (viii) environmental uncertainties, including risks of natural disasters, (ix) risks related to the coronavirus pandemic, and (x) those additional factors discussed in reports filed with the “Comisión Nacional Bancaria y de Valores” and  the Mexican Stock Exchange by FIBRA Prologis under the heading “Risk Factors.” FIBRA Prologis undertakes no duty to update any forward-looking statements appearing in this release.

Non-Solicitation – Any securities discussed herein or in the accompanying presentations, if any, have not been registered under the Securities Act of 1933 or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable state securities laws. Any such announcement does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein or in the presentations, if and as applicable.

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SOURCE FIBRA Prologis

MEXICO CITY, July 28, 2025 /PRNewswire/ — FIBRA Prologis (BMV:FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in Mexico, today reported results for the second quarter 2025.

HIGHLIGHTS FROM THE QUARTER:

• Record net effective rents on rollover were 68.0 percent.
• Period-end and average occupancy were 97.7 and 98.2 percent, respectively.
• Customer retention was 86.0 percent.
• Same store cash NOI was 0.1 percent.
• Published our annual Impact and Sustainability report.

Net earnings per CBFI was Ps. 1.8021 (US$0.0915) for the quarter compared with Ps. 0.7770 (US$0.0470) for the same period in 2024.

Funds from operations (FFO), as modified by FIBRA Prologis per CBFI, was Ps. 1.1634 (US$0.0585) for the quarter compared with Ps0.8112 (US$0.0485) for the same period in 2024.

SOLID OPERATING RESULTS 

“In the first half of the year, we delivered strong financial results and strong operational outperformance. Amid trade headwinds and evolving market dynamics, our strategic focus on resilient consumption-driven hubs and disciplined execution continues to drive sustainable growth and long-term value for our stakeholders,” said Héctor Ibarzábal, CEO of FIBRA Prologis.

FINANCIAL POSITION

As of June 30, 2025, FIBRA Prologis’ leverage was 22.8 percent and liquidity was approximately Ps. 21.5 billion (US$1.1 billion), which included Ps. 19.7 billion (US$1.0 billion) of available capacity on its unsecured credit facility and Ps. 1.8 billion (US$97 million) of unrestricted cash.

UPDATED GUIDANCE FOR 2025

WEBCAST & CONFERENCE CALL INFORMATION

FIBRA Prologis will host a live webcast/conference call to discuss quarterly results, current market conditions and future outlook. Here are the event details:                                                     

• Tuesday, July 29, 2025, at 9 a.m. Mexico Time.
• Access the live webcast at www.fibraprologis.com, in the Investor Relations section, by clicking Events.
• Dial in: +1 888 596 4144 or +1 646 968 2525 and enter Passcode 4603995.

A telephonic replay will be available July 29 – August 5 at +1 800 770 2030 from the U. S. and Canada or at +1 647 362 9199 from all other countries using conference code 4603995. The replay will be posted in the Investor Relations section of the FIBRA Prologis website.

ABOUT FIBRA PROLOGIS

FIBRA Prologis is a leading owner and operator of Class-A industrial real estate in Mexico. As of June 30, 2025, the company’s portfolio comprised 507 Investment Properties, totaling 87.0 million square feet (8.1 million square meters). This includes 345 logistics and manufacturing facilities across 6 industrial core markets in Mexico, comprising 65.5 million square feet (6.1 million square meters) of Gross Leasing Area (GLA) and 162 buildings with 21.5 million square feet (1.9 million square meters) of non-strategic assets in other markets.

FORWARD-LOOKING STATEMENTS

The statements in this release that are not historical facts are forward-looking statements. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which FIBRA Prologis operates, management’s beliefs and assumptions made by management.  Such statements involve uncertainties that could significantly impact FIBRA Prologis financial results. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature.  All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to rent and occupancy growth, acquisition activity, development activity, disposition activity, general conditions in the geographic areas where we operate, expected distributions, and our debt and financial position, are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, trade relations, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust (“FIBRA”) status and tax structuring, (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings, (vii) risks related to our investments (viii) environmental uncertainties, including risks of natural disasters, (ix) risks related to global pandemics, and (x) those additional factors discussed in reports filed with the “Comisión Nacional Bancaria y de Valores” and  the Mexican Stock Exchange by FIBRA Prologis under the heading “Risk Factors.” FIBRA Prologis undertakes no duty to update any forward-looking statements appearing in this release.

Non-Solicitation – Any securities discussed herein or in the accompanying presentations, if any, have not been registered under the Securities Act of 1933 or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable state securities laws. Any such announcement does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein or in the presentations, if and as applicable.

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SOURCE FIBRA Prologis