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EIB Group and BBVA Launch €93 Million Green Financing Initiative for Sustainable Housing in Spain
The EIB Group, comprising the EIB and the European Investment Fund (EIF), has signed a new synthetic securitisation deal worth €93 million with BBVA that is entirely devoted to the funding of green initiatives. BBVA will mobilise around €185 million through this deal to finance the development of near-zero emission...
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E.ON and ARC Launch CopenCapture to Capture CO2
E.ON and Amager Resource Center (ARC) have officially signed a partnership agreement to launch CopenCapture, a groundbreaking carbon capture and storage (CCS) project based at CopenHill, Copenhagen’s landmark waste-to-energy facility. The project will trap 400,000 tons of CO2 per year and sequester it in the ground to avoid its emission...
Vattenfall Greenlights Nordlicht 1 & 2 Offshore Wind Farms
Vattenfall has made the final investment decision on developing the Nordlicht 1 and 2 offshore wind farms, a massive step towards renewable energy in the country. Construction of the Nordlicht 1 and 2 offshore wind farms is to begin in 2026, with both scheduled to go onstream in 2028. Nordlicht...
Actis Acquires Stride, Expanding Solar Portfolio in India
Actis, a global sustainable infrastructure investor, has acquired a 100% equity interest in Stride Climate Investments (Stride), an Indian solar generation asset portfolio. The deal grants Actis ownership of Stride's 371MW portfolio of 21 solar projects located in seven states, primarily in Gujarat.Expanding Solar Footprint in IndiaThe Stride portfolio has...
Scatec ASA Signs 25-Year PPA for Solar Plant in Tunisia
Scatec ASA, a renewable energy solutions provider signed a 25-year Power Purchase Agreement (PPA) with Tunisian state utility Société Tunisienne de l'Electricité et du Gaz (STEG) for the construction of the 120 MW Sidi Bouzid II solar power plant in Tunisia.Partnership with Aeolus SASApart from the PPA, Scatec also signed...
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
Quinbrook Secures AUD$722 Million Debt Financing for Supernode Battery Storage Project
Quinbrook Infrastructure Partners said it has secured debt financing of AUD$722 million for its Supernode battery storage project in Queensland. This marks the largest stand alone Battery Energy Storage System (BESS) project financing in Australia to date. Australia's Largest BESS Project The supern
POWERGRID Secures $200 Million Green Loan for Renewable Energy Projects
Sumitomo Mitsui Banking Corporation (SMBC) and Power Grid Corporation of India (POWERGRID) have signed a green loan contract. The loan has a $200 million value and a $150 million greenshoe option, denominated in Japanese yen. This partnership will develop infrastructure to evacuate and integrate ren
ADB Signs $24.3 Million Financing Deal for Solar Power Plant in Bangladesh
The Asian Development Bank (ADB) has approved a $24.3 million financing package for Muktagacha Solartech Energy Limited (MSEL) to develop a 20-megawatt (MW) grid-connected solar photovoltaic power plant in Mymensingh, Bangladesh. The project, one of Bangladesh's first private solar ventures with int
Meralco PowerGen Plans $2 Billion Investment for Coal Power Plants
Meralco PowerGen Corp. (MGen), the power generation arm of Manila Electric Co. (Meralco), has announced plans to invest at least $2 billion in two coal-fired power projects in the Philippines, according to The Philippine Star. These projects include the 1,200-megawatt Atimonan plant in Quezon and an 80-MW facility in Toledo,...
Equinor Commences Production at Halten East in the Norwegian Sea
Equinor has formally commenced production at its Halten East development project in the Norwegian Sea, a milestone two years since Norwegian authorities approved the development project. The development project will contribute to Europe's increasing demand for gas and improve the energy security of the region.Project DeliveryGeir Tungesvik, Equinor’s executive vice...
IFC Invests $53 Million to Boost Green Building Certification and Decarbonization in Indonesia
The International Finance Corporation (IFC), a member of the World Bank Group, has announced its first sustainability-linked loan in Indonesia to help PT Nirvana Wastu Pratama (NWP), a leading retail and logistics property platform, expand green building certification across its portfolio. Sustainab
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
Nigeria and UN Launch $500 Million Fund to Boost Distributed Renewable Energy in Africa
Nigeria, in collaboration with a United Nations (UN) agency, has set a $500 million goal for a new fund aimed at advancing distributed renewable energy solutions in Africa as reported by Bloomberg. The project, targeting solar home systems and mini-grids, seeks to tackle the electricity access issue
European Commission Launches Clean Industrial Deal to Boost Resilience and Drive Decarbonisation
The European Commission has launched an ambitious new initiative, the Clean Industrial Deal, designed to strengthen the resilience and competitiveness of European industries while accelerating the decarbonisation of the economy. During times of high energy prices and global competition, the Clean In
Macron Pledges to Reshape AI Regulation in Europe
French President Emmanuel Macron has pledged to reshape AI regulation in Europe, to promote the development of artificial intelligence (AI) throughout the region, emphasizing France as a major investment destination as reported by Reuters. Speaking at the Paris AI summit, Macron advocated for a str
EU and Moldova Launch €250 Million Strategy for Energy Independence and Long-Term Security
The European Commission and the Republic of Moldova have announced a two-year transformative strategy that will bring Moldova energy independence and strengthen its resilience. With a total funding package of €250 million allocated for 2025, this strategy is to decouple Moldova from its reliance on
Hitachi Energy to Power 60 M Households with 950 km HVDC Transmission System in India
Hitachi Energy has announced that it has been selected to provide a 950 kiolmeter HVDC (High Voltage Direct Current) transmission system in India. As per the announcement, the project will transmit 6 gigawatss (GW) of renewable energy from Rajasthan’s Bhadla area to Uttar Pradesh’s Fatehpur. The plan is part of...
Autoliv Secures Renewable Energy Supply Through Long-Term Virtual Power Agreements
Autoliv, Inc., a leading global automotive safety systems company, has signed two Virtual Power Purchase Agreements (VPPAs) with renewable energy sellers Alight and Eurowind Energy. The agreements will provide Autoliv's European operations with a stable, cost-efficient renewable electricity supply, as well as insulation against future energy market volatility. Autoliv continues...
Vattenfall Greenlights Nordlicht 1 & 2 Offshore Wind Farms
Vattenfall has made the final investment decision on developing the Nordlicht 1 and 2 offshore wind farms, a massive step towards renewable energy in the country. Construction of the Nordlicht 1 and 2 offshore wind farms is to begin in 2026, with both scheduled to go onstream in 2028. Nordlicht...
Scatec ASA Signs 25-Year PPA for Solar Plant in Tunisia
Scatec ASA, a renewable energy solutions provider signed a 25-year Power Purchase Agreement (PPA) with Tunisian state utility Société Tunisienne de l'Electricité et du Gaz (STEG) for the construction of the 120 MW Sidi Bouzid II solar power plant in Tunisia.Partnership with Aeolus SASApart from the PPA, Scatec also signed...
Terradot Collaborates with Microsoft to Boost Carbon Removal through Enhanced Rock Weathering
Terradot, a climate tech startup, has signed a major deal with Microsoft to remove 12,000 tons of carbon dioxide from the atmosphere between 2026 and 2029. This deal not only contributes to carbon reduction but also enables Terradot to carry out the most extensive scientific monitoring yet seen at a...
E.ON and ARC Launch CopenCapture to Capture CO2
E.ON and Amager Resource Center (ARC) have officially signed a partnership agreement to launch CopenCapture, a groundbreaking carbon capture and storage (CCS) project based at CopenHill, Copenhagen’s landmark waste-to-energy facility. The project will trap 400,000 tons of CO2 per year and sequester it in the ground to avoid its emission...
Canada's Carbon Pricing System Faces Repeal Threat
Canada's six year old carbon pricing system is facing uncertain times. Recently, 14 oil and gas CEOs and opposition leader Pierre Poilievre have called for its repeal. This raises questions about the future of Canada’s climate policy and the Pathways Alliance carbon capture project.Calls for Repeal The carbon pricing system...
Skytree, Return Carbon, and Verified Carbon Partner with EDF Renewables on DAC Facilities in Texas
Skytree, Return Carbon, and Verified Carbon have partnered with EDF Renewables North America (EDFR) to develop large-scale Direct Air Capture (DAC) facilities in Texas. The collaboration between Skytree, Return Carbon, Verified Carbon and EDF Renewables will produce cost-competitive carbon removal credits and support the world's efforts to lower greenhouse gas...