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Category: Energy Transition
Key Impact Points The European Investment Bank (EIB) will finance Northvolt’s gigafactory in Northern Sweden, with a total lending package to slightly over $1.038 billion (€942.6 million). The financing is an...
Key Impact Points: Barclays announced that it is establishing a new Energy Transition Group, within its Corporate and Investment Bank. The new group will be responsible for providing strategic advice...
Key Impact Points: The Alliance for CEO Climate Leaders, a CEO-led community facilitated by the World Economic Forum that is committed to accelerating the net-zero transition, released a new report...
Key Impact Points: Our youths play a crucial role in the journey towards a net-zero world. With their passion and fresh perspectives for a greener future, they are set to...
Key Impact Points: The U.S. Environmental Protection Agency (EPA) announced a proposed rule to tackle wasteful methane emissions from the oil and gas sector, delivering on Congress’ directive in the...
Key Impact Points: The early new year boost for the supply chain by its SP Energy Networks business is the company’s biggest issued contract opportunity ever and will see major investment in...
Key Impact Points: The Bezos Earth Fund today announced a $1 million ideation prize to generate creative ideas and solutions to remove greenhouse gas emissions from our atmosphere. “We know...
Key Impact Points: BlackRock, Inc. and Global Infrastructure Partners (“GIP”), a leading independent infrastructure fund manager, jointly announce that they have entered into an agreement for BlackRock to acquire GIP...
Key Impact Points: The world’s capacity to generate renewable electricity is expanding faster than at any time in the last three decades, giving it a real chance of achieving the...
Key Impact Points: The collaboration enables CO2e emissions to be reduced through the use of sustainable aviation fuel (SAF) instead of conventional jet fuel. Related Article: UNIDO and DHL Group...
Key Impact Points: Plenitude, through its US subsidiary Eni New Energy US Inc., has signed an agreement with global energy leader EDP Renováveis, S.A. (“EDPR”), to purchase an 80% equity...
Key Impact Points: Company Outlines Direction and “Break Through Limits” Management Policy During Press Conference in Las Vegas LG Electronics’ (LG) CEO William Cho and key company executives introduced the strategies LG is...
Key Impact Points: ADNOC announced it has taken a 10.1% equity stake in Storegga to become a lead investor in the UK-based company that focuses on the development of global...
Key Impact Points: Through the issuance of Internationally Transferred Mitigation Outcomes (ITMOs), completed on 20 December 2023, Switzerland and Thailand are the first countries to successfully use the cooperative approach...
Key Impact Points: A.P. Moller – Maersk, one of the founding members of the Green Fuels Alliance India, will take a seat on the steering committee as one of the...
Key Impact Points: Boeing has begun extensive modification of an airplane that will become the X-66 Sustainable Flight Demonstrator (SFD), removing engines and completing 3D metrology scans to inform the...
Key Impact Points: GreenIT, the Italian renewable energy joint venture founded in 2021 by Plenitude (Eni, 51% ownership) and CDP Equity (CDP Group, 49% ownership), has signed an agreement with...
Key Impact Points: Caterpillar Inc. announced it has signed an electrification strategic agreement with CRH to advance the deployment of Caterpillar’s zero-exhaust emissions solutions. CRH is the number one aggregates...
Key Impact Points: Statkraft is planning to invest up to €6 billion (US$6.6 billion) in upgrades to its Norwegian hydro and wind power facilities and construction of new onshore wind...
Key Impact Points: Historic 12 GW agreement designed to help decarbonize the grid and diversify the global clean energy supply chain Qcells, a global leader in complete clean energy solutions...
Key Impact Points: The International Finance Corporation (IFC) announced today a green and sustainability-linked loan (SLL) of €300 million (equivalent to $329 million) to Iberdrola. IFC’s loan will finance renewable...
Key Impact Points: The European Commission has approved a €2.9 billion French scheme for supporting investment in green industries (tax credit for investment in green industries) to foster the transition towards a net-zero...
Key Impact Points: A set of business actions aimed at reducing the intensity of energy demand could unlock annual savings of at least $2 trillion for the global economy if...
First Solar, Inc. announced that it has entered into a 15-year, captive Power Purchase Agreement (PPA) with Cleantech Solar, a leading provider of renewable energy solutions to corporations in India...
In line with the European Union’s push for a green transition, Volvo Car Corporation and the European Investment Bank (EIB) have signed a €420 million financing agreement in support of the...
Germany’s CO₂ emissions fell to their lowest level in 70 years in 2023. A large part of this reduction is due to an unexpectedly sharp decline in coal use. At...
Purchase Demonstrates Commitment to a Sustainable Energy Future Advanced Power continues to show its commitment to advancing a sustainable energy future through its purchase of renewable energy investment tax credits...
Shanghai Electric announced its achievement in the energy storage business that the 100MW/100MWh REP1&2 energy storage station in the UK (“REP1&2”), also its first large-scale overseas energy storage project, has...
Adani Green Energy Limited (AGEL) announced the completion of the 1,050 MW joint venture (JV) with TotalEnergies. As part of the JV, TotalEnergies invested USD 300 million in AGEL subsidiary,...
Boston Solar Named First US Partner for Energizer Solar, Pioneering Renewable Energy Solutions in the American Market In a groundbreaking move that marks a significant milestone in the renewable energy...
GWSO INC (Global Warming Solution Inc), a leading clean tech solutions company headquartered in California, is pleased to announce the successful acquisition of AQST USA LLC, a Space Science &...
Brussels Airport Company, thanks to federal government support, will be granting a special financial contribution to promote the use of sustainable aviation fuel (SAF). One year ago, Brussels Airport announced...
Renewable energies covered almost 52 percent of gross electricity consumption in 2023. This is shown by preliminary calculations by the Center for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW) and the...
Copenhagen Infrastructure Partners (CIP), through its Growth Markets Funds II and Energy Transition Fund I, will develop Helax Istmo, a green hydrogen and green maritime fuels project in the Isthmus...
The European Investment Bank (EIB) has committed €400 million to support a significant new investment for MYTILINEOS Energy and Metals (MYTILINEOS), which will accelerate renewable energy production across Greece and...
The Project Empowers La Palma’s Sustainable Energy Transition and Drive Tazacorte Port as a Hub for Decarbonization in the Canary Islands Recently, GCL SI and Ocean Sun once again joined forces...
Bloom Energy and SK ecoplant, an engineering and energy solutions provider and subsidiary of South Korean conglomerate SK Group, announced a sale of Bloom’s electrolyzer technology to deploy hydrogen as...
Eni announces the introduction of gas into the Tango Floating Liquefied Natural Gas (FLNG) facility moored in Congolese waters. Gas introduction has been achieved in record time– only twelve months after the final investment decision. This is a key...
Pattern Energy Group LP (Pattern Energy), a leader in renewable energy and transmission infrastructure, has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia...
Senkron.Energy Digital Services’ customer Enerjisa Üretim and Microsoft signed an agreement to drive innovation and sustainability across the renewable energy generation sector in Europe, Middle East, and Africa (EMEA). Signed at the 28th edition of...
A.P. Moller-Maersk (Maersk) announced that the company has signed a Memorandum of Understanding (MoU) with the City of Yokohama and Mitsubishi Gas Chemical (MGC). This collaborative agreement will focus on...
Yingli Energy Development Co., Ltd. (Yingli Solar) has recently penned an agreement to supply modules. Under the terms, Yingli Solar will provide 1.25 GW of their high-efficiency Panda N-type TOPCon PV modules...
SDG Namibia One Fund, Namibia’s dedicated green hydrogen blended finance vehicle and the designated funding partner to Government of Namibia’s green hydrogen initiatives (the “Fund” or “SDG Namibia One”), and...
The US Treasury Department released proposed guidance for the Inflation Reduction Act’s (IRA) clean hydrogen tax credit. The guidance conditions eligibility for this tax credit, an incentive of up to...
The facility will have a capacity of 86.4 megawatts (MW) and will have more than 160,000 photovoltaic modules. Iberdrola has obtained environmental approval for Spain’s first hybrid photovoltaic and hydroelectric plant with...
The European Commission has approved, under EU State aid rules a €17.7 billion Italian scheme to support the construction and operation of a centralised electricity storage system. The measure contributes...
The European Commission has approved, under EU State aid rules, a €1.3 billion French scheme to support the development of non-fossil flexibility technologies to ensure that the electricity supply matches...
Three projects located in MISO territory to support Meta’s continued commitment to net zero emissions Adapture Renewables, Inc., a developer, owner, and operator of utility-scale solar and battery energy storage...
The European Investment Bank (EIB) has signed a €500 million loan to Dutch distribution system operator (DSO) Enexis to finance part of its 2023-2024 investment activities. By refurbishing, upgrading and expanding...
The EIB Group — made up of the European Investment Bank (EIB) and European Investment Fund (EIF) — have signed with Santander a new synthetic securitisation transaction with the final objective...
Ørsted has taken final investment decision (FID) on the world’s single largest offshore wind farm, Hornsea 3, which will have a capacity of 2.9 GW and is expected to be...
Eni, Plenitude and Energy Infrastructure Partners (EIP) have signed an agreement for EIP to enter Plenitude’s share capital through a capital increase of up to €0.7bn, which, post-transaction, would be...
BBVA is extending its interim emission reduction targets for 2030 to two relevant sectors, aviation and shipping, in order to move its client portfolio toward net zero emissions by 2050....
Iberdrola continues to strengthen its liquidity position, confirmed that it has refinanced €5.3 billion by signing its largest ever credit facility. The agreement, signed with 33 international banks, also helps to consolidate...
After a first renewable Corporate Power Purchase Agreement (CPPA) signed at the end of 2022, TotalEnergies has signed a second contract with LyondellBasell, a global leader in the chemical industry,...
The innovative financing agreement leverages the transferability option in the IRA to fund Golden Triangle I solar plus storage in Mississippi through construction and long-term operations. Origis Energy, one of America’s leading...
As one of the top ten largest green bond issuers in the U.S., Equinix used the net proceeds to support 172 green building projects across 105 sites, 33 energy efficiency...
Volvo Trucks has delivered eight heavy electric trucks to customers in Brazil, Chile and Uruguay. These orders represent Volvo’s first sales of zero-exhaust emission trucks to Latin America. Volvo Trucks is continuing to enter new...
Tapping Georgia’s vast renewable potential, developing its transport and logistics infrastructure, and supporting digital businesses could boost the country’s productivity and economic competitiveness, helping the country reach high-income status, according to...
With the US coming to the end of its warmest year on record, it appears the country is more committed than ever to clean energy. LG Energy Solution Vertech has...
The European Investment Bank (EIB) and VGP Renewable Energy N.V. signed a €150 million framework loan that will support solar panel installation on the roofs of VGP’s logistics centres across the...
Caterpillar Inc. has successfully demonstrated its first battery electric prototype underground mining truck, growing its portfolio of battery electric and semi-autonomous technology for underground mining applications. The demonstration for Newmont...
The upstream energy sector is turning to artificial intelligence and advanced analytics to speed up analysis and decision-making to realize their carbon reduction commitments. With an increased focus on strategies...
Schroders announced that it has joined the Global Real Estate Engagement Network (GREEN), a not-for-profit engagement network of global institutional investors dedicated to accelerating change and driving sustainability in the real estate...
Company aims to play major role in accelerating renewables following COP commitments. Octopus Energy Group, the UK’s largest power supplier and the owner of the Kraken technology platform, announces $800m (£625m) additional...
The four-day event brought together more than 150 national and regional policy makers to discuss how energy efficiency can drive India’s clean energy transition The International Energy Agency (IEA) held...
A new IFC investment will help address critical infrastructure gaps, facilitate trade, and boost access to renewable energy in Asia and Africa, helping support job creation, foster GDP growth and...
Gleaming under sunlight are houses in Xinma, a picturesque village in South China’s Qingyuan City. Their rooftops are mounted with distributed photovoltaic panels, which are being autonomously maintained by unmanned aerial...
Funding from President Biden’s Inflation Reduction Act will help improve air quality for communities by helping states take the lead in cutting methane emissions from low-producing well sites As part...
The Commission has published its assessment of EU Member States’ draft National Energy and Climate Plans (NECPs) and issued recommendations to assist Member States in raising their ambitions in line with EU targets for 2030....
Latest IEA market report sees lower demand to 2026, based on current policies, but stronger actions are needed to drive a steeper decline towards meeting international climate goals After reaching...
Schroders Greencoat, the specialist renewables manager of Schroders Capital, announces that three green hydrogen projects which it is involved in have been awarded contracts for hydrogen production by the UK...
Iberdrola, through its distribution subsidiary in the UK –ScottishPower Energy Networks-, is making progress in the execution of what will be the first high-capacity cable project on the east coast of the...
Apollo Clean Transition Equity ELTIF to provide European investors greater access to clean transition investments across private markets Launch supports Apollo’s goal of deploying $50B in clean energy and climate...
The Board of Directors of the European Investment Bank (EIB) approved a €5 billion tailored initiative to support wind energy equipment manufacturing companies. The financing is part of the EIB’s ...
A deal has been signed for Inherit Carbon Solutions to provide Microsoft with permanent carbon removal for delivery through 2028. By leveraging waste-water and food waste for the purpose of...
Garanti BBVA is in the process of installing solar panels on buildings at its Pendik Campus, on the Güneşli Service Building and on top of the bank’s ATMs. The solar...
The United Nations Climate Change Conference (COP28) closed today with an agreement that signals the “beginning of the end” of the fossil fuel era by laying the ground for a...
JCB unveiled its pioneering hydrogen combustion technology at EXCON, India’s premier construction equipment trade show taking place in Bengaluru. In its first-ever trade show appearance anywhere in the world, the...
World leaders joined the World Economic Forum’s programme at the 28th Conference of the Parties of the UNFCCC (COP28) to advance dialogue, innovation and cooperation for accelerated climate action. Gathering...
GE Vernova’s Grid Solutions business and MYTILINEOS Energy & Metals announced that they have been awarded a £1 billion contract by National Grid Electricity Transmission and SP Transmission, part of SP Energy Networks (SPEN), for the...
Estonia, a nation renowned for its resilience and pioneering innovation, is taking centre stage at the imminent COP28 in Dubai. Committed to addressing the pressing global climate crisis, Estonia aims to align with international climate...
The Commission welcomes the provisional agreement reached today between the European Parliament and Council on updated EU rules to decarbonise the gas market and create a hydrogen market. The new rules will...
UN Secretary-General António Guterres on Monday urged a deal at COP28 on the phaseout of fossil fuels, telling negotiators that “now is the time for maximum ambition and maximum flexibility,”...
A carbon-free global economy requires the phase-out of fossil fuel subsidies. That’s why the Glasgow Climate Summit in 2021 agreed to phase out inefficient fossil fuel subsidies, on the back...
The Science Based Targets initiative (SBTi) has opened a call for companies and financial institutions in the buildings value chain to pilot the Buildings Science-Based Target-Setting Guidance and Tool drafts....
The Government of Canada has committed to cap and reduce greenhouse gas emissions (GHG emissions) from the oil and gas sector at a pace and scale necessary to contribute to...
A.P. Moller – Maersk (Maersk) is about to launch the first of its 18 large methanol-enabled vessels currently on order. On 9 February 2024, it will enter service on the...
The first test flight to demonstrate the potential for converting Methanol to SAF (Sustainable Aviation Fuel) has taken place in Dubai on the sidelines of COP28 in the UAE. Masdar,...
In a continued effort to address the global climate crisis, the Arab Coordination Group (ACG), a strategic alliance of regional and international development institutions, announced at COP 28 in Dubai,...
Nestlé, the world’s largest food and beverage company, is cutting its ocean logistics greenhouse gas (GHG) emissions by using Maersk’s ECO Delivery solution for 100% of its ocean containers shipped...
Schneider Electric, the leader in the digital transformation of energy management and automation, announced that Google, ASM and HP have joined the Catalyze program, which aims to accelerate access to renewable energy across...
Ørsted is embarking on the construction of two carbon capture (CCS) facilities designed to capture and store carbon emissions from the woodchip-fired Asnæs Power Station in Kalundborg and the straw-fired...
A.P. Moller-Maersk (Maersk) announced more than USD$500 million investment to expand its supply chain infrastructure to support Southeast Asia’s emergence as a global production hub and a consumption powerhouse. Maersk’s...
Energy Transition Plan lays out roadmap for Uganda to sustainably develop its energy sector, meet its climate targets, deliver universal energy access and realise widespread economic benefits Uganda’s Ministry of...
The fund is focused on investment in greenfield renewable energy infrastructure in high growth middle-income markets and is expected to enable more than 10 GW of clean energy Copenhagen Infrastructure...
Following the successful investment agreement in Baltic Eagle in Germany, the first milestone of this alliance is a co-investment in the 1,400 megawatt (MW) East Anglia 3 offshore wind project...
The Coal to Clean Credit Initiative (CCCI), which has support from The Rockefeller Foundation, announced a new collaboration with ACEN Corporation to explore a pilot project in the Philippines that would leverage...
energyRe, an independent U.S. clean energy developer, announced that it has raised a $1.2 billion capital package to support the expansion of its large-scale renewable energy portfolio comprising utility-scale transmission and storage,...
Eni has signed a five-year Sustainability-Linked revolving credit line worth €3 billion, related to two targets of Eni’s Sustainability-Linked Financing Framework, last updated in April 2023. The new facility will...
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