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Zelestra Secures $282M for Chile’s Aurora Solar Project
Zelestra, a leading global renewable energy company, has successfully reached Financial Close for its Aurora project in Chile, securing a $282 million financing package. The financing was facilitated through a partnership with Natixis CIB and BNP Paribas, with a VAT facility provided by Banco de Crédito e Inversiones (BCI). The...
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Spain Hosts Key UN Talks on Global Development Finance Amid US Retreat
The UN's Conference on Financing for Development has opened in Seville, Spain, focusing on addressing global inequality and the growing financial gap in international development. The conference is taking place against significant cuts to U.S. aid under former President Donald Trump, who slashed over 80% of USAID funding, which had...
Big Oil’s $1.2 Trillion Bet: WoodMac Predicts CCUS Market Surge
Global consultancy Wood Mackenzie has forecasted a 28-fold increase in the Carbon Capture, Utilisation, and Storage (CCUS) market by 2050, reaching 2,061 million tonnes per annum, surpassing trillions of dollars in value. Despite current challenges, with only 50 operational CCUS projects storing 51 million tonnes of CO2 annually, significant investments...
Red Sands BESS: Africa’s Largest Battery Project Hits Close
Globeleq, a leading independent power company in Africa, and its project partner, African Rainbow Energy, have announced that they have successfully reached commercial close on the 153 MW/612 MWh Red Sands battery energy storage project (Red Sands BESS) in South Africa. This milestone was achieved after signing the project agreements...
Milkywire Backs 40 New Carbon Removal Projects in 2025
Milkywire has announced the latest round of funding for its Climate Transformation Fund (CTF), which supports carbon dioxide removal (CDR) suppliers working towards global net-zero emissions. This new round increases the number of supported CDR suppliers to 40, positioning Milkywire as a leader in catalyzing the carbon removal sector. The...
EIB to Support Bulgaria’s Transition from Coal to Clean Energy at Maritsa East Complex
The European Investment Bank (EIB) has signed an agreement with the Bulgarian government to provide advisory support for the decarbonisation of the Maritsa East Complex, one of the largest coal-fired power generation sites in Europe and a provider of up to 35% of Bulgaria’s electricity. Under the new partnership, EIB...
NLC India Limited Wins Strategic Mineral Blocks in Chhattisgarh
NLC India Limited, which is a Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Coal, Government of India, reached a milestone when they emerged as the bidders for the mineral blocks named Raipura and Semhardih. They won the tender in the Tranche V auction conducted recently by the...
Octopus Energy Launches First African Renewable Energy Fund
Octopus Energy Generation has launched the Octopus Energy Power Africa Fund (OEPA), marking a pivotal step in its global green energy mission. The fund aims to accelerate renewable energy investments across Sub-Saharan Africa, focusing on transformative clean energy solutions, including rooftop solar, battery storage, electric vehicle charging infrastructure, and grid...
Caribbean Launches Green Finance Taxonomy for Climate Action
The Caribbean is set to benefit from a newly launched regional green finance taxonomy, designed to promote sustainable economic growth and increase investments in climate-friendly projects. This initiative, announced today, marks a pivotal collaboration between the CARICOM Committee of Central Bank Governors and the International Finance Corporation (IFC), a member...
Record Coal Stockpiles Ensure Energy Security Amid Challenges
India’s thermal power plants have reached a historic milestone with coal stocks soaring to 58.25 million tonnes, securing a 25-day supply. This achievement significantly strengthens the country’s energy security, ensuring uninterrupted power during peak summer months and providing confidence for the monsoon period when coal production and transportation can face...
Big Oil’s $1.2 Trillion Bet: WoodMac Predicts CCUS Market Surge
Global consultancy Wood Mackenzie has forecasted a 28-fold increase in the Carbon Capture, Utilisation, and Storage (CCUS) market by 2050, reaching 2,061 million tonnes per annum, surpassing trillions of dollars in value. Despite current challenges, with only 50 operational CCUS projects storing 51 million tonnes of CO2 annually, significant investments...
Artis Real Estate Investment Trust Publishes 2024 ESG Report
Artis Real Estate Investment Trust (Artis REIT) has announced the publication of its 2024 Environmental, Social, and Governance (ESG) Report, detailing the company's commitment and progress toward sustainability and corporate responsibility. The report outlines the REIT’s initiatives in environmental stewardship, governance improvements, and social responsibility throughout the year. Progress in...
India’s Steel Imports Drop 27.6% in April-May 2025
India’s finished steel imports saw a significant decline of 27.6% in the first two months of the 2025 financial year, as shipments from key suppliers China and Japan dropped considerably, according to provisional government data. The country imported 0.9 million metric tons of finished steel during April-May, with imports from...
UK Approves $5B Aviva–Direct Line Merger Deal
On July 1, the UK’s Competition and Markets Authority (CMA) approved Aviva’s £3.7 billion ($5.08 billion) acquisition of rival Direct Line, paving the way for the formation of Britain’s largest home and motor insurance provider. The CMA, which launched an initial investigation into the deal in May, concluded that the...
Spain Hosts Key UN Talks on Global Development Finance Amid US Retreat
The UN's Conference on Financing for Development has opened in Seville, Spain, focusing on addressing global inequality and the growing financial gap in international development. The conference is taking place against significant cuts to U.S. aid under former President Donald Trump, who slashed over 80% of USAID funding, which had...
Polish Parliament Approves Legislation to Expand Onshore Wind Farm Development
The Polish parliament has approved a new bill aimed at easing the rules for the construction of onshore wind farms, marking a significant step in the country’s efforts to increase renewable energy production and lower electricity prices, as reported by Reuters. The legislation reduces the distance requirements between wind farms...
New York to Build Advanced Nuclear Power Plant to Meet Rising Electricity Demands
In a significant move to bolster the state's energy infrastructure, Governor Kathy Hochul announced that New York plans to build an advanced nuclear power plant capable of producing at least 1 gigawatt of power, as reported by Reuters. This plant, expected to be one of the first new US reactors...
Red Sands BESS: Africa’s Largest Battery Project Hits Close
Globeleq, a leading independent power company in Africa, and its project partner, African Rainbow Energy, have announced that they have successfully reached commercial close on the 153 MW/612 MWh Red Sands battery energy storage project (Red Sands BESS) in South Africa. This milestone was achieved after signing the project agreements...
India's Growing Biomass Energy Industry: A Catalyst for Sustainable Development
India is increasingly turning to biomass as a critical renewable energy source to support its expanding energy needs and reduce reliance on fossil fuels. Biomass, which includes organic materials from plants and animals, can be converted into liquid and gaseous fuels or used directly for heating and electricity generation. This...
Eco Wave Power to Launch Onshore US Wave Energy Pilot Project
Eco Wave Power Global AB, a leading onshore wave energy developer, has announced a strategic meeting with Terry Tamminen, CEO of AltaSea at the Port of Los Angeles, to finalize the details of the first-ever onshore wave energy pilot project in the United States. The project’s historic launch is scheduled...
Zurich Calls for Urgent Action to Safeguard Europe’s Clean Energy Infrastructure
Zurich Insurance Group has issued a critical warning in its latest report, Safeguarding our Energy Future: Protecting Europe’s Energy Infrastructure Against Climate Risk, highlighting the increasing vulnerability of Europe’s clean energy systems to climate-related threats. With renewable energy at the heart of Europe’s low-carbon economy, it is now crucial to...
Transition Industries Signs EPC Contract for Pacifico Mexinol Project
Transition Industries LLC, a North American developer focused on net-zero carbon emissions methanol and green hydrogen projects, has reached a significant milestone in its Pacifico Mexinol project. The company signed an Engineering, Procurement, and Construction (EPC) contract with a consortium consisting of Samsung E&A Co., Ltd., Grupo Samsung E&A Mexico,...
Heidelberg Materials Inaugurates World’s First Industrial-Scale CCS Facility in Cement Industry
Heidelberg Materials has officially launched the Brevik Carbon Capture and Storage (CCS) facility in Norway, marking a groundbreaking achievement in the cement industry. The facility, located at the Brevik cement plant, is the world’s first industrial-scale CCS operation in the sector, set to capture approximately 400,000 tons of CO₂ annually,...
Rubicon Carbon Launches Verified RRT Carbon Portfolios
Rubicon Carbon, a leader in carbon credit management, has launched the Rubicon Rated Tonne (RRT), a new initiative offering curated carbon credit portfolios aimed at customers who require third-party verification. The inaugural portfolio has achieved an AAport rating from BeZero Carbon, a well-regarded independent carbon ratings agency. This rating is...
VCM and Enowa Join Forces to Provide 30 Million Tons of Carbon Credits
In a pioneering step towards sustainability initiatives, the Voluntary Carbon Market Company (VCM) and Enowa, the energy and water subsidiary of NEOM, have signed a long-term deal to provide around 30 million tons of carbon credits by 2030. The transaction represents an important milestone in VCM's objective of creating a...