Tag: Renewable Energy
Driving Renewable Growth Macquarie Asset Management, on behalf of managed funds, has provided €97 million in debt financing to Greenalia Power Spain. The funding will support Greenalia’s onshore wind, biomass,...
Expanding Global Renewable Footprint Amazon and Iberdrola, a leading clean energy provider, have expanded their renewable energy partnership with an additional 476 MW in power purchase agreements (PPAs). This brings...
Meta and Zelestra have expanded their clean energy partnership, signing four new EAPAs that will support the construction of 720 MWdc of solar projects across Hopkins, Lamar, Lampasas, and Henderson...
Qatar is accelerating its commitment to sustainable development with a $2.5 billion (QR9.10bn) green bond initiative targeting renewable energy projects, infrastructure improvements, and environmentally friendly real estate development. Michael Brady,...
Amazon continues to dominate renewable energy procurement, securing its position as the largest corporate buyer for the fifth consecutive year, according to Bloomberg NEF. The company has supported more than...
Italy, Albania, and the United Arab Emirates (UAE) have signed a groundbreaking €1 billion ($1 billion) agreement to construct a subsea energy interconnection across the Adriatic Sea. This project will...
In an exclusive interview with Marina Bird, Managing Director of ESG News Corp, Mercedes Vela Monserrate, CEO of the Global Climate Finance Center (GCFC) during Abu Dhabi Finance Week, outlined...
S&P Global Commodity Insights reports a significant milestone in clean energy: cleantech investments, including renewable power, green hydrogen, and carbon capture, will surpass upstream oil and gas spending in 2025,...
In the festive spirit, I’m channeling Charles Dickens, the man who gave us A Christmas Carol and popularized the holiday season. Another of his classics, A Tale of Two Cities,...
The News: Japan has unveiled a draft energy policy targeting 40-50% renewable energy in its power mix by fiscal year 2040, alongside a steady reliance on nuclear power at 20%....
Launching the CCIC Microsoft and Acadia Infrastructure Capital have partnered to launch the Climate and Communities Investment Coalition (CCIC), targeting a $9 billion pipeline of renewable energy projects across the...
Meta Platforms Inc. has announced a deal to purchase green credits from four major U.S. solar energy projects developed by Invenergy. This strategic move aims to meet Meta’s escalating clean...
Meta Follows Steps of Tech Giants, Looks to Nuclear Energy to Power AI and Sustainability Goals Meta has announced a request for proposals (RFP) to identify nuclear energy developers capable...
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Barclays Calls for Bold Action Barclays has urged the UK Government to take decisive steps to decarbonize homes and meet the ambitious 2035 emissions reduction target of 81% below 1990...
A New Chapter for Arkolia Mirova and BNP Paribas Asset Management have jointly invested over €200 million in Arkolia, a leading French renewable energy developer. Each acquired an equal stake...
Supporting Clean Technology Innovation The Wells Fargo Innovation Incubator (IN²), co-administered by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL), has announced three new startups for its 14th...
Google has announced the opening of 1265 Borregas, its first office building constructed using mass timber, in Sunnyvale, California. The building reflects Google’s commitment to sustainability, employee wellbeing, and community...
Eni CEO Claudio Descalzi and MSC Group President Diego Aponte have signed a memorandum of understanding (MoU) to develop joint initiatives focused on sustainability and energy transition. The agreement seeks...
Blackstone and Santander Corporate & Investment Banking have announced an agreement where funds managed by Blackstone Credit & Insurance (BXCI) will acquire interests in a $1 billion portfolio of high-quality...
Equinix, Inc., the world’s digital infrastructure company, has strengthened its commitment to sustainability by issuing an additional €1.15 billion in green bonds. Following over $750 million issued in September 2024,...
BP’s Investment in Indonesia’s Energy Transition BP, on behalf of the Tangguh Production Sharing Contract partners, announced the final investment decision for the $7 billion Tangguh Ubadari, CCUS, Compression (UCC)...
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Record Demand for Iberdrola’s Hybrid Green Bond Iberdrola has successfully placed an €800 million hybrid green bond in the Euromarket, as reported to Spain’s National Securities Market Commission (CNMV). The...
Vision 2030: Scaling Sustainability PUMA has announced its Vision 2030 sustainability goals, elevating its previous commitments to create a larger impact across climate, circularity, and human rights. “With Vision 2030,...
A Historic Step for Climate and Tourism The United Nations announced on Wednesday that over 50 governments have signed a declaration to make global tourism more climate-friendly, calling it a...
Endesa, one of Spain’s leading energy companies, has announced a record-breaking €9.6 billion investment under its 2025-2027 strategic plan. The move comes as the company aligns with the ambitious electrification...
IBM Expands Asset Management with Maximo Renewables IBM has officially launched IBM Maximo Renewables, a comprehensive tool designed to help organizations manage and optimize their renewable energy assets. This innovative...
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Global Companies Lag in Renewable Energy Adoption, CDP Report Finds A new report from non-profit CDP reveals that major global companies are falling short in their use of renewable energy,...
At COP29 in Azerbaijan, a significant early pledge emerged as major development banks, including the World Bank, committed to raising climate finance to $120 billion annually by 2030. This figure...
ScottishPower has formalized a major £1 billion turbine supply contract with Siemens Gamesa for its East Anglia TWO offshore windfarm. The deal involves Siemens Gamesa providing 64 SG 14-236 DD...
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The European Union’s climate commissioner, Wopke Hoekstra, reiterated the EU’s commitment to ending sales of CO2-emitting cars by 2035 and enforcing stricter CO2 limits for carmakers next year. This comes...
The UAE is set to invest AED200 billion ($54.4 billion) over the next six years to address the nation’s growing sustainable energy needs, according to Suhail Al Mazrouei, UAE Minister...
Follow ESG News on Linkedin ENGIE North America (ENGIE) and Meta have finalized a significant Environmental Attributes Purchase Agreement (EAPA), enabling ENGIE to deliver 260 MW of renewable energy from the...
Follow ESG News on Linkedin BBVA has reached a remarkable milestone in sustainable finance, channeling €71 billion into sustainable business initiatives from January to September 2024. The bank’s significant growth represents...
In this exclusive interview, Jim Coleman, CEO of LION Power, joined ESG News to discuss bringing lithium-ion battery technology manufacturing to the United States. The company aims to capture market...
ACWA Power recently signed agreements exceeding $1.78 billion, focused on advancing renewable energy, battery storage, and R&D efforts across regions, including the Gulf, China, Central Asia, and North Africa. These...
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Comcast Corporation has fully allocated its $1 billion green bond, as outlined in its 2024 Green Bond Report, with $995 million in net proceeds directed toward projects that enhance sustainability....
Key Impact Points: The Saudi Power Procurement Company (SPPC) has shortlisted major global players, including Masdar, EDF, and TotalEnergies, for the fifth round of solar projects under the National Renewable...
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3M is premiering a global docuseries, “Green Works,” to showcase the powerful role of green jobs in driving climate solutions. The series, produced in collaboration with Generous Films, features professionals...
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...
Advancing Climate Intelligence: S&P Global has launched the S&P Global Climate Center of Excellence, aimed at enhancing long-term climate, environmental, and nature research. The center brings together top scientists and...
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....
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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...
The European Commission is addressing gaps in the transposition of several EU directives across Member States. The lack of national measures hampers harmonized implementation and compliance with EU law. Here’s...
Britain’s Final Chapter on Coal The UK’s last coal-fired power station, Ratcliffe-on-Soar, closed its doors on Monday, making Britain the first G7 nation to end its reliance on coal for...
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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...
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...
Tata Power has unveiled an ambitious plan to invest approximately 700-750 billion rupees ($8.95 billion) over the next five to six years to ramp up its renewable energy capacity. According...
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...
The 2024 State of the Energy Union report highlights the EU’s significant progress in ensuring secure, competitive, and affordable energy, while also laying the groundwork for future economic growth and...
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...
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...
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...
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...
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...
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...
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...
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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....
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...
Kimco Realty® (NYSE: KIM), a prominent REIT and leader in high-quality, open-air, grocery-anchored shopping centers and mixed-use properties across the U.S., has achieved a significant milestone with the full allocation...
Amazon is revolutionizing urban deliveries in the UK with its innovative micromobility hubs. These hubs, now operational in major cities like London, Manchester, Glasgow, Belfast, and Norwich, enable deliveries via...
Key Impact Points: Tesla’s Musk Makes the Case for Sustainable Energy with Trump Tesla CEO Elon Musk engaged in a two-hour conversation with former President Donald Trump, discussing the future...
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...
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...
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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...
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...
Masdar, the UAE’s clean energy leader, has signed an agreement with TotalEnergies to explore a commercial project converting green hydrogen to methanol and then to Sustainable Aviation Fuel (SAF). The...
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...
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...
Former UK Energy Minister Chris Skidmore has launched Desmos Capital Partners, a new private investment bank focused on supporting clean energy startups. This “boutique” bank aims to raise private capital...
IHG Hotels & Resorts has launched its groundbreaking Low Carbon Pioneers program, bringing together energy-efficient hotels that operate without on-site fossil fuel combustion and are powered by renewable energy. This...
ESG Due Diligence Rising in Priority ESG due diligence is becoming a critical priority for Australian dealmakers, mirroring global trends. According to KPMG’s ESG due diligence study, 71% of investors...
China’s Renewable Surge: China is solidifying its position as the global leader in renewable energy with 180 GW of solar and 159 GW of wind power currently under construction. This...
Key Statistics from the Report The London Stock Exchange Group’s report on “Investing in the Green Economy 2024” presents a comprehensive analysis of the growth, composition, and financial performance of...
Google and ENGIE have deepened their collaboration with five new Corporate Power Purchase Agreements (cPPAs), providing Google’s digital infrastructure in Belgium with over 118 MW of renewable power. Google’s Green...
The EU’s clean electricity generation is hitting new highs. In the first half of 2024, renewables comprised over 50% of all power generation in Europe, with nuclear maintaining a stable...
New Zealand Secures Landmark Trade Deal New Zealand has finalized a pioneering trade deal with Costa Rica, Iceland, and Switzerland, aiming to remove tariffs on hundreds of sustainable and eco-friendly...
Iberdrola, Europe’s leading electricity company by market cap (circa €80 billion), has issued a green bond for 335 million Swiss francs (€350 million) in two tranches, diversifying its sources of financing. The...
Key Impact Points: The European Union has disbursed €2.967 billion via the Modernisation Fund to support 39 energy projects in 10 EU Member States. This funding aims to modernize energy...
Executive Summary The European Investment Bank (EIB) is supporting RWE’s new 1.1 GW Thor wind farm in the Danish North Sea with a €1.2 billion green loan. This project aligns...
Key Impact Points: • EVN’s progress in integrating renewable energy sources.• Continued reliance on coal to ensure stable electricity supply.• Challenges in balancing energy transition with growing demand. Operational Highlights:Vietnam...
Schroders is proud to officially unveil its extensive solar farm installation at its Horsham campus, marking a significant milestone in the Group’s sustainability journey. The farm encompasses 2,606 solar panels...
The European Commission has approved, under EU State aid rules, an Italian scheme to support a total of 4590 MW of new capacity for electricity production from renewable energy sources....
Key Impact Points: China has unveiled the world’s largest solar farm in Xinjiang, marking a groundbreaking advancement in renewable energy. The new solar complex, covering an area comparable to New...
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