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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...
EIB Grants €430 Million to Galp for Biofuels and Green Hydrogen Projects at Sines
The European Investment Bank (EIB) has signed a €430 million loan to support Galp's initiative towards the decarbonisation of two major projects at its Sines Refinery. The two projects aim to significantly decarbonize heavy-duty road transport and aviation. Biofuels Unit to Revolutionize Aviation Fu
Japan Sets New 2040 Emission Reduction Targets and Revises Energy Policy
The government of Japan has approved new targets to reduce greenhouse gas emissions through 2040, along with a revised energy policy and an updated industrial plan. The measures, aimed at delivering long-term policy stability for the business world, focus on accelerating decarbonisation, protecting
BYD and Saudi Electricity Sign World's Largest Grid Scale Energy Storage Deal
BYD Energy Storage and Saudi Electricity Company have reached a milestone in the renewable energy industry, signing the world's largest grid-scale energy storage contracts, with a total capacity of 12.5 GWh. The new agreement brings the total cooperation to 15.1GWh when combined with the earlier 2.6
