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EBRD Approves €270 Million Loan to Naftogaz to Strengthen Ukraine’s Energy Security
The European Bank for Reconstruction and Development (EBRD) has granted a €270 million loan to Ukraine’s state-owned gas company, Naftogaz, to support urgent gas procurement for the upcoming two heating seasons. The sovereign-backed loan is complemented by an additional €139 million grant from Norway, financed under the EBRD Crisis Response...
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IFC and Grupo Equatorial Form Strategic Alliance to Upgrade Brazil's Power Grid
The International Finance Corporation (IFC), a member of the World Bank Group, has signed a significant strategic alliance with Brazil's Grupo Equatorial to enhance Brazil's power distribution system, increase system reliability, and finance the country's green transition as the country witnesses increasing energy demand. Under the deal, IFC will offer...
UK and Eni to Approve CO₂ Pipeline Linking Liverpool and Manchester
The British government, in partnership with Italian energy firm Eni, will give approval for a 38-mile pipeline intended to carry carbon dioxide from industrial facilities in Liverpool and Manchester to offshore storage facilities, the Financial Times reported. The announcement is likely to be made during the current energy security summit...
HYCO1 and Malaysia LNG Sign Landmark Deal to Transform CO₂ into Clean Syngas at Scale
In a significant step toward industrial decarbonization, HYCO1, Inc. and Malaysia LNG Sdn. Bhd. (MLNG), a PETRONAS subsidiary, have entered into a Memorandum of Understanding (MOU) to establish one of the largest carbon utilization initiatives globally. The project, based in Bintulu, Sarawak, will utilize HYCO1’s proprietary CUBE™ Technology to transform...
UK to Inject £300 Million into Offshore Wind Supply Chain as Energy Summit Begins
Launching a significant energy security summit on Thursday, the UK Government is set to announce a £300 million investment aimed at expanding the offshore wind supply chain. Leaders like Prime Minister Keir Starmer and European Commission President Ursula von der Leyen will gather in London for the two-day conference. The...
IFC and Grupo Equatorial Form Strategic Alliance to Upgrade Brazil's Power Grid
The International Finance Corporation (IFC), a member of the World Bank Group, has signed a significant strategic alliance with Brazil's Grupo Equatorial to enhance Brazil's power distribution system, increase system reliability, and finance the country's green transition as the country witnesses increasing energy demand. Under the deal, IFC will offer...
European Investment Bank and AllianzGI Expand Climate Financing with €450 Million Fund
The EIB and Allianz Global Investors (AllianzGI) have closed the Emerging Markets Climate Action Fund recently with a total size of €450 million; with €20 million in a contribution by the German government. The instrument has since transformed to be one of the biggest blended finance equity funds in
Catalyze Secures $85 Million Tax Equity Financing from RBC to Fund 75MW of Solar Projects
Catalyze, an integrated developer and Independent Power Producer (IPP) of distributed renewable energy properties, has obtained an $85 million tax equity investment from RBC Community Investments. The financing will be used to construct and commission around 75 megawatts (MW) of commercial and industrial (C&I) and community solar projects throughout the...
Zero Industrial Raises $10 Million to Advance Clean Industrial Heat Solutions
Zero Industrial, Inc., a US-based developer focused on decarbonizing industrial heating through thermal energy storage (TES) systems, has raised $10 million in a recent funding round. The investment was led by Evok Innovations, with additional support from Rusheen Capital Management. Ted Kniesche, co-founder and CEO of Zero Industrial, said, “We...
Coal India Plans Major Expansion of Thermal Power Plants
Coal India, the largest coal producer in the nation, has announced plans to establish new thermal power plants in order to cope with increased electricity demand. This expansion includes major projects positioned in Madhya Pradesh and Odisha and is set to be completed by 2030. In Madhya Pradesh, the firm...
Chevron Begins Production at Ballymore Oil and Gas Project in Deepwater Gulf of Mexico
Chevron Corporation has begun oil and gas production at its Ballymore subsea tieback development in the deepwater Gulf of Mexico. The project supports the company’s wider objective of achieving 300,000 net barrels of oil equivalent per day from the area by 2026. Efficient Tieback to Blind Faith Platform The Ballymore...
IFC Partners with Santander Chile for $100 Million Green Building Loan
International Finance Corporation (IFC), a member of the World Bank Group, has announced a $100 million loan to Santander Chile to speed up the construction of green building projects. This project marks IFC's first green loan in Chile exclusively for green construction and the first-ever green financing provided by IFC...
Blastr Green Steel Secures Funding for Ultra-Low CO2 Steel Plant in Finland
Blastr Green Steel (Blastr) announced closing of its second strategic partner financing round, securing critical funding to advance its European integrated ultra-low CO2 steel value chain. The investment will support the development of its flagship steel plant in Inkoo, Finland, a key milestone in B
White House Dismisses Rumours of Executive Action Targeting Climate Nonprofits
Climate focused nonprofits can breathe easier for now. According to a Reuters report, the White House has no plans to strip their tax-exempt status. This assurance comes as advocacy groups brace for potential executive actions linked to environmental regulations. Climate Organizations Prepare for Potential Policy Changes Last week, the American...
EU Considers Easing Methane Rules for US LNG to Avoid Trade Rift
The European Union is considering ways to allow US liquefied natural gas (LNG) exporters to meet its new methane emissions regulations more easily, in an effort to ease trade tensions with US President Donald Trump and potentially prevent retaliatory tariffs, as reported by Reuters. The move is part of a...
Trump Budget Proposal Targets NOAA Cuts, Climate Research and Fisheries Protections
The Trump administration is planning to make cuts to the National Oceanic and Atmospheric Administration (NOAA), according to a draft budget. The plan will reduce NOAA’s fudning by $1.67 billion. This amount represents about 27% of its current budget. This cut to the budget could severely impact and reshape the...
Trump Administration to End Climate Assessment Contract
The Trump administration plans to end its contract with global advisory firm ICF, which plays a key role in producing the National Climate Assessment (NCA). The NCA is a comprehensive report published every five years that assesses how climate change impacts the United States. The administration’s decision to scrap this...
Spain’s Hydrogen Network Progresses Ahead of Schedule
Projects to create a 2,600 km (1,615-mile) hydrogen grid covering Spain are proceeding at a fast rate, with the first operations scheduled for launch by 2030. The Spanish gas grid operator Enagas is driving the project, which will be central to the trans-European H2Med corridor connecting Spain to northwest Europe....
RWE Pauses US Offshore Wind Activities Amid Regulatory Uncertainty
RWE, Germany's largest power generator, suspended its offshore wind operations in the US, attributing it to regulatory ambiguity in President Donald Trump's government. CEO Markus Krebber said this in a speech draft preceding the firm's annual general assembly, pointing to the challenges encountered by European power firms in the US...
Glenfarne to Acquire $815M Chilean Solar and Battery Storage Portfolio from METLEN Energy & Metals
METLEN Energy & Metals S.A. (METLEN) has signed a landmark agreement with Glenfarne Asset Company, LLC’s subsidiary for the acquisition of a major solar and battery energy storage system (BESS) portfolio in Chile. The deal underscores METLEN’s global leadership in renewable project development and reflects Glenfarne’s deepening commitment to Chile’s...
Google Expands Renewable Energy Portfolio with Offshore Wind Deal in Taiwan
Google has announced its first offshore wind power purchase agreement (PPA) in Asia. The search engine giant has signed an agreement to purchase renewable energy from a new Taiwanese wind farm. Copenhagen Infrastructure Partners (CIP) is in charge of developing the project. Expanding Google’s Clean Energy Footprint in Taiwan This...
UK and Eni to Approve CO₂ Pipeline Linking Liverpool and Manchester
The British government, in partnership with Italian energy firm Eni, will give approval for a 38-mile pipeline intended to carry carbon dioxide from industrial facilities in Liverpool and Manchester to offshore storage facilities, the Financial Times reported. The announcement is likely to be made during the current energy security summit...
HYCO1 and Malaysia LNG Sign Landmark Deal to Transform CO₂ into Clean Syngas at Scale
In a significant step toward industrial decarbonization, HYCO1, Inc. and Malaysia LNG Sdn. Bhd. (MLNG), a PETRONAS subsidiary, have entered into a Memorandum of Understanding (MOU) to establish one of the largest carbon utilization initiatives globally. The project, based in Bintulu, Sarawak, will utilize HYCO1’s proprietary CUBE™ Technology to transform...
DKSH and Klimate Partner to Advance CO₂ Removal and Net-Zero Goals
DKSH has entered into a carbon removal purchase agreement with Klimate, a trusted provider of high-quality, verifiable carbon dioxide removal (CDR) solutions. This partnership demonstrates DKSH’s proactive commitment to mitigating climate change while progressing toward its net-zero targets. The agreement covers two innovative removal technologies, direct air capture and artisanal...
STAX Engineering and Seabound Launch Carbon Capture Solution at Port of Long Beach
California-based STAX Engineering and UK-based Seabound successfully unveiled the maritime industry’s first fully integrated emissions capture and carbon removal system at the Port of Long Beach. The showcase presented a fully integrated, real-world approach to significantly cutting both criteria pollutants and greenhouse gas emissions from docked ships, offering a scalable...