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Category: Climate Tech
Key Impact Points: Financing Announcement BrightNight has announced the successful closing of a $260 million tax-equity financing commitment for its 300-megawatt Box Canyon solar project in Pinal County, Arizona. This...
To accelerate the clean energy transition across the U.S., Google has signed the world’s first corporate agreement to purchase nuclear energy from multiple small modular reactors (SMRs) to be developed...
Key Impact Points: ESG Book, a leading provider of sustainability-related data on public and private companies, has announced a strategic partnership with Zfolio, the premier platform for managing financed emissions....
Greece has presented a revised national energy and climate plan that significantly raises its renewable energy targets, aiming for renewables to account for 82% of electricity generation by 2030. This...
Significant Investment in Sustainable Projects The Public Investment Fund (PIF) of Saudi Arabia has identified a capital expenditure requirement of $19.4 billion for its eligible green projects, with $5.2 billion...
Key Impact Points: Petrobras is investing R$ 90 million to build its first pilot plant for renewable hydrogen production. Slated to begin operations by early 2026, the plant will be...
Doubling Down on Green Energy Spain’s Iberdrola, Europe’s largest electricity company, announced plans to double its UK investment to £24 billion ($31 billion) between 2024-2028. The move, ahead of the...
Key Impact Points: Google advances 24/7 clean energy goal energyRe announced that Google has signed a 12-year power purchase agreement (PPA) for renewable energy from a 435-megawatt (MWdc) solar project....
Key Impact Points: Goldman Sachs Boosts BrightNight’s Renewable Energy Expansion with $440M Investment Goldman Sachs Alternatives has made a $440 million equity investment in BrightNight, a next-generation renewable energy company....
Key Impact Points: Uber Technologies Inc. has taken a significant step forward in its sustainability efforts by preparing to launch an AI assistant, developed in collaboration with OpenAI’s GPT-4o technology,...
Expanding Climate Tech Support HSBC has deepened its collaboration with Google Cloud, launching new initiatives to support the burgeoning climate tech sector. This partnership, particularly through the Google Cloud Ready...
Key Impact Points: Pioneering Energy Storage Solutions Sweco, a leader in civil and electrical engineering, is set to design Green Turtle—one of continental Europe’s largest battery storage facilities—for GIGA Storage...
In the video discussion between Jay Sadiq, CEO of FortyGuard, and Matt Bird, CEO of ESG News, Sadiq highlighted how FortyGuard’s hyper-local AI temperature data can be an invaluable tool...
As China stands as the world’s largest greenhouse gas emitter, its commitment to reducing emissions by 30% by 2035 is a pivotal element in the global effort to meet the...
The United States is falling behind its ambitious climate targets, with current efforts set to achieve only a 22% reduction in emissions by 2030, significantly short of the 50% reduction...
Chinese companies have poured over $100 billion into overseas clean energy technology projects since the start of 2023, according to research by Australian group Climate Energy Finance (CEF). The investments...
Global renewable energy jobs reached a record 16.2 million in 2023, according to the Renewable Energy and Jobs – Annual Review 2024 by the International Renewable Energy Agency (IRENA) and...
Key Impact Points: Tata Power, India’s leading integrated power company, announced a transformative investment of approximately ₹1.2 trillion ($14.32 billion) over the next decade in Rajasthan. This initiative, unveiled during...
Ferrari accelerates its transition to renewable energy by shutting down the trigeneration plant at its Maranello factory, advancing its decarbonisation efforts three months ahead of plan. Early Shutdown Drives Emission...
Key Impact Points: Microsoft has unveiled a groundbreaking initiative in Dublin, partnering with ESB to power its data centre using green hydrogen. This marks the first deployment of Hydrogen Fuel...
Masdar, Abu Dhabi’s clean energy leader, announced plans to acquire Saeta Yield from Brookfield Renewable for an enterprise value of $1.4 billion. The deal strengthens Masdar’s position in Spain and...
Brookfield Asset Management has secured $2.4 billion in the initial closing of the Catalytic Transition Fund (CTF), moving closer to its goal of raising $5 billion. The fund is aimed...
Google has made a significant step toward its sustainability goals by purchasing carbon removal credits from Brazilian startup Mombak, marking its first engagement with nature-based carbon projects in South America....
The Hong Kong Monetary Authority (HKMA) and the Dubai Financial Services Authority (DFSA) wrapped up their inaugural Joint Climate Finance Conference on September 16, 2024. Held in Hong Kong, the...
Woodland Biofuels Invests $1.35 Billion in Louisiana for Renewable Fuels Toronto-based Woodland Biofuels announced a $1.35 billion investment to build a renewable natural gas (RNG) and ultra-green hydrogen facility at...
Hero Future Energies, a unit of the Hero Group, is set to invest $20 billion over the next six years to expand its renewable energy capacity nearly 16-fold, according to...
Hygenco Green Energies Pvt Ltd, a leader in green hydrogen production, has signed a Memorandum of Understanding (MOU) with REC Limited to finance its Green Ammonia Project in Gopalpur, Odisha....
The Commission’s Approval The European Commission has approved Poland’s €1.2 billion (PLN 5 billion) state aid scheme, designed to drive investments in sectors crucial for the shift to a net-zero...
The 2023 National Solar Jobs Census, published by the Interstate Renewable Energy Council (IREC), reveals a notable increase in solar jobs across the U.S. The report shows 279,447 workers are...
The European Commission has approved a €682 million ($756.54 million) Belgian state aid package to support the growth of offshore wind energy. The funds will back the construction and operation...
Germany and Australia signed a $660 million deal to strengthen green hydrogen supply chains, equally funded by both governments. The agreement aims to provide European buyers for Australia’s renewable hydrogen...
The UAE continues to make significant strides in clean energy investments, with total investments exceeding $12 billion (AED 45 billion), according to Suhail bin Mohammed Al Mazrouei, Minister of Energy...
TotalEnergies Joins Japan’s First Low-Carbon Hydrogen Fund TotalEnergies has entered the “Japan Hydrogen Fund” as an investor during its first close. The fund, initially endowed with over $400 million, is...
India’s push toward clean energy just received a major boost, with $386 billion in funding commitments to help reach its target of 500 gigawatts (GW) of renewable energy by 2030....
China’s Envision Group Expands Green Hydrogen Efforts in Spain Spain has signed a $1 billion deal with China’s Envision Group to build a factory producing electrolysers, a critical component for...
The European Investment Bank (EIB) and the Development Bank of Southern Africa (DBSA) have increased their support for private sector renewable energy projects, boosting their combined financing to €600 million...
Worldly, a leader in supply chain sustainability insights, launched its Product Impact Calculator, the first tool to seamlessly integrate primary supply chain data with pre-built product impact models. This innovation...
Google has announced a groundbreaking partnership with Holocene to purchase carbon removal credits at the lowest price recorded for direct air capture (DAC) technology: $100 per ton. This marks a...
India has unveiled its largest wind energy project, which will power 3 million households. The 1,166-megawatt (MW) initiative is a collaboration between government-owned NTPC Green Energy Limited (NGEL) and Suzlon...
The U.S. Environmental Protection Agency (EPA) has issued three draft permits to Oxy Low Carbon Ventures (OLCV), a subsidiary of Occidental Petroleum, for the underground storage of carbon dioxide. These...
Addressing the Heat Crisis Google Research is harnessing the power of AI to tackle one of the most pressing environmental challenges: extreme urban heat. The new Heat Resilience tool, developed...
ADNOC’s Strategic Stake in ExxonMobil’s Hydrogen Plant Abu Dhabi’s ADNOC will acquire a 35% stake in ExxonMobil’s upcoming hydrogen plant in Baytown, Texas. This move is part of a broader...
Poland is now aiming for a 56% share of renewable energy in its electricity mix by 2030, according to Climate Minister Paulina Hennig-Kloska. This target, presented in a draft of...
Eni and Snam have launched Ravenna CCS, Italy’s first carbon capture and storage project, positioning it as a leading initiative in global carbon capture efforts. This project is a cornerstone...
EDP Renewables (EDPR) and Microsoft are taking significant strides towards clean energy in Singapore. Under a new 20-year agreement, Microsoft will purchase 100% of the renewable energy exported from EDPR’s...
The UK’s latest renewable power auction marks a significant step in reviving the offshore wind sector. Ørsted and Iberdrola were among the big winners, securing contracts for major projects like...
Egypt’s Ministry of Electricity and Renewable Energy has approved a $900 million bid from the Abu Dhabi Future Energy Company (Masdar) to develop solar power plants in Upper Egypt, including...
Meta’s Commitment to Sustainability In its 2024 Sustainability Report, Meta reaffirms its commitment to creating a sustainable future. The company has been at the forefront of environmental initiatives, focusing on...
The UK has reached a significant milestone in its journey toward renewable energy: 30 gigawatts (GW) of wind power capacity. This achievement marks a crucial step in the country’s commitment...
China’s Hygreen Energy and Spain’s Coxabengoa have taken a bold step to transform Europe’s green hydrogen market. The companies have signed a strategic agreement to collaborate on hydrogen technology advancement...
The Ministry of Energy and Infrastructure (MoEI) and the Ras Al Khaimah Petroleum Authority (RAKPA) have signed a Memorandum of Understanding (MoU) to strengthen their collaboration on sustainable energy initiatives...
Qatar’s renewable energy efforts are ramping up with the launch of the ‘BeSolar’ service by the Qatar General Electricity and Water Corporation (Kahramaa). This new initiative is a significant step...
Clean energy jobs in the U.S. are on the rise, growing at more than double the rate of the overall job market in 2023. The U.S. Energy and Employment Report...
Worley, a global engineering leader based in Australia, is set to kick off the Front-End Engineering Design (FEED) phase for a $7 billion green ammonia project in Morocco’s Tarfaya region...
The European Commission’s REPowerEU Plan, launched in May 2022, aims to transform Europe’s energy landscape by reducing reliance on Russian fossil fuels and boosting renewable energy production. This strategic move...
Sunly’s Major Investment Move Renewable energy company Sunly has secured €300 million in funding to enhance its production capacity in the Baltics and Poland. This significant investment, sourced from prominent...
Wärtsilä and Eidesvik Offshore are making history. In a groundbreaking partnership, the two companies are set to convert the offshore platform supply vessel (PSV) ‘Viking Energy’ to operate on ammonia...
Norges Bank Investment Management (NBIM) has taken a significant step in expanding its renewable energy portfolio. On August 23rd, NBIM committed €900 million to Copenhagen Infrastructure Partners’ (CIP) fifth flagship...
Japan made a significant stride in energy transition on Wednesday by signing 70 memorandums of understanding (MOUs) with various partners. These agreements were secured during the Asia Zero Emission Community...
China’s National Development Bank (NDB) has taken another significant step in supporting sustainable finance by issuing 12 billion yuan (approximately $1.7 billion) in green financial bonds. These three-year bonds, offered...
Australia has officially approved SunCable’s ambitious Australia-Asia Power Link (AAPowerLink), a $13.5 billion solar power project that will export renewable energy from the Northern Territory to Singapore via a 4,300...
RepAir Carbon US Inc. and C-Questra have teamed up to launch the European Union’s first onshore Direct Air Capture and Storage (DACS) project in Grandpuits, France. This collaboration marks a...
Amprion has successfully issued a green bond worth €1.1 billion, split into two tranches. This bond issuance, which falls under Amprion’s €9 billion debt issuance program, was met with significant...
PETRONAS, ADNOC, and Storegga have signed a Joint Study and Development Agreement (JSDA) to evaluate the carbon dioxide (CO2) storage capabilities of saline aquifers and develop CCS facilities in the...
The Path to a Clean Energy Future Accurate carbon accounting is key to achieving a sustainable energy transition. To track and reduce carbon emissions effectively, companies need access to detailed,...
In the quest for a more sustainable and efficient energy future, data access is becoming as crucial as the energy itself. The Green Button Explorer, a tool developed by Mission:data...
Canada Growth Fund (CGF) is committing up to $100 million to Svante Technologies Inc., a leader in carbon capture solutions, to fast-track the development and deployment of their innovative technologies...
Ukraine is embarking on a $20 billion plan to significantly expand its renewable energy sector, aiming to increase the share of renewables in its energy mix to 27% by 2030....
SpaceX is set to launch Tanager-1, a methane-detecting satellite, developed by Planet Labs PBC with NASA’s Jet Propulsion Laboratory technology. This marks a significant step in tracking methane emissions, a...
Guidewheel has raised an oversubscribed $31 million Series B funding round, spearheaded by Decarbonization Partners, a collaboration between BlackRock and Temasek. This round also saw participation from notable investors including...
The Asian Infrastructure Investment Bank (AIIB) has committed up to INR7.3 billion (approximately USD88 million) to the ENGIE Solar Power Project, a pivotal initiative in India’s renewable energy expansion. This...
Poland’s Offshore Wind Ambition Poland is setting sail on a significant green energy initiative, launching a nearly €5 billion ($5.46 billion) loan program aimed at bolstering offshore wind projects on...
RWE, the third-largest renewable energy company in the U.S., has secured two long-term power purchase agreements (PPAs) with Meta. These agreements will provide a combined capacity of 374 megawatts (MW)...
Pivot Energy, a leading renewable energy provider, has entered into a transformative 5-year framework agreement with Microsoft to develop up to 500 MWac of community-scale solar energy projects across the...
The U.S. Department of Energy is providing a $1.45 billion loan to Qcells, a South Korean firm, to bolster the solar manufacturing supply chain in the U.S. This marks a...
South Africa is on the brink of a renewable energy revolution, with President Cyril Ramaphosa highlighting its potential to spur significant economic growth and job creation over the next decade...
Spiritus, a leader in climate technology, is advancing its Direct Air Capture (DAC) ambitions with the recent filing of a Class VI permit application with the Wyoming Department of Environmental...
Blackstone (NYSE: BX) announced a majority investment in Westwood Professional Services, Inc. (Westwood), a leading engineering and design firm specializing in renewables, power, real estate, and public infrastructure. This investment...
The Integrity Council for the Voluntary Carbon Market announced that current renewable energy methodologies won’t qualify for the high-integrity CCP® (Core Carbon Principles) label. These methodologies, representing nearly a third...
Pioneering Efficiency and Safety Ørsted, a global leader in offshore wind, has launched the world’s first heavy-lift cargo drone (HLCD) operations at the Borssele 1&2 Offshore Wind Farm. This marks...
The Ministry of Trade and Industry (MTI) introduced the Energy Transition Measures and Other Amendments Bill to Parliament, aiming to amend the EMA Act, Electricity Act, and Gas Act. These...
Standard Chartered announced the successful closing of a six-year, $235 million non-recourse senior secured term green loan. The funds will develop, construct, and operate a 1.35 million square foot solar...
Iberdrola, through its US subsidiary NYSEG (New York State Electric & Gas Company), successfully placed a USD 525 million (EUR 490 million) 10-year green bond issue in the US. This...
Britain’s financial watchdog has expanded the range of “dormant” assets, potentially unlocking an extra 880 million pounds ($1.12 billion) to fund social and environmental projects. This expansion aims to support...
Iberdrola has secured a €500 million syndicated green loan with ICO, Sabadell, and HSBC, covered by Cesce through its Green Investment Policy on behalf of the State. The loan, guaranteed...
Goldman Sachs Fuels BrightNight’s Growth BrightNight, a top renewable power firm, secures a $440 million investment from Goldman Sachs Alternatives. This funding will fully finance BrightNight’s five-year plan and its...
The UK government has announced a record budget of over £1.5 billion for the next renewable energy auction, aiming to enhance energy security and reduce costs for families and businesses....
ArcLight has launched SkyVest Renewables, committing an initial $500 million to operate and optimize renewable assets. As part of this initiative, ArcLight has acquired a 160 MW wind farm in...
A recent survey of nearly 500 sustainability professionals by Salesforce reveals a complex relationship between AI and sustainability. While 4 in 10 professionals worry about AI’s potential negative impacts, 57%...
The European Investment Bank (EIB) has activated a €5 billion initiative to bolster Europe’s wind-energy equipment manufacturers. This includes a €500 million counter-guarantee to Deutsche Bank AG, facilitating up to...
The Spanish government has approved nearly 300 renewable power projects, aiming to boost the country’s green energy capacity by over 28 gigawatts. This move, announced on Monday, is part of...
Enel S.p.A. has approved a share buyback program to purchase 2.9 million treasury shares, approximately 0.029% of its share capital. This program, running from September 16 to December 16, 2024,...
SAEL group has successfully issued its first US dollar-denominated green bonds, raising $305 million in the international markets. This marks a significant milestone, providing the company access to a deeper,...
Universal Hydrogen’s Dream Crashes Universal Hydrogen aimed to revolutionize hydrogen-powered flights with nearly $100M from investors like Playground Global and Toyota Ventures. The company liquidated after failing to secure further...
VF Corporation (NYSE: VFC), a global leader in apparel, footwear, and accessories, has released its 2024 Green Bond Impact Report. The report details the full allocation of net proceeds from...
Prime Minister Keir Starmer and Energy Secretary Ed Miliband announced a major partnership between Great British Energy and The Crown Estate, projected to drive up to £60 billion in private...
Cyan Renewables (“Cyan”), Asia’s leading offshore wind services platform, announced its acquisition of Australian offshore marine services provider MMA Offshore (“MMA”) (ASX) for A$1.1B (US$702M). This landmark deal makes Cyan...
NGP has launched NGP Sustainable Real Assets, LLC, securing approximately $500 million from NGP’s Energy Transition IV fund and co-investors. NGP SRA focuses on developing clean energy assets, including power,...
Unlocking Public Financing for Climate Tech Barclays has unveiled four critical recommendations for the new UK Government to boost financing and scale next-generation climate tech companies, which are essential for...
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