Alternative asset and private equity investor KKR announced the completion of the acquisition of a majority stake in U.S. solar and storage developer Avantus that was announced in March. Concurrently, Avantus announced it has closed on a $522 million development facility arranged by KKR Capital Markets and Sumitomo Mitsui Banking Corporation (SMBC).
The UK government announced today that its budget for its renewable energy auction would be the largest in the country’s history, £1.5 billion (USD$1.93 billion), including £1.1 billion for offshore wind. The government said that this is an increase of £500 million, 50% more than the budget set in March and larger than all previous […]
Mit KI und der Expertise des Startups aedifion nimmt BNP Paribas REIM die Dekarbonisierung seines Portfolios ins Auge. 60 Gebäude werden auf Effizienz und Nachhaltigkeit geprüft, um CO₂-Einsparungen zu realisieren. Die ersten Ergebnisse sind vielversprechend.
The funding will accelerate the development of new home energy products and expansion across Europe, as the firm says it wants to help three million households transition to sustainable energy by 2030.
Infrastructure-focused investment firm ArcLight announced the launch of SkyVest Renewables, a new operating focused renewables investment initiative targeting utility-scale wind and solar assets in North America. The new platform is being launched with an initial $500 million capital commitment from Arclight. According to the company, SkyVest will also augment ArcLight’s existing dedicated in-house operations resources […]
Google announced a new 10-year agreement with power company PacificLight and renewable energy developer RExus Bioenergy to build a wood-to-waste plant in Singapore, and provide clean energy to Google to power its data center and operations in the region. The deal marks the latest in a series of renewable energy announcements for Google in Asia, […]
Sustainability professionals are grappling with balancing the positive and negative aspects of their companies’ implementation of artificial intelligence on their climate and sustainability initiatives, with many worried about the environmental impact of the new technology, while also anticipating benefits ranging from AI’s ability to support supply chain management efforts to ESG reporting and regulatory compliance, […]
International Airlines Group (IAG), the parent company of airlines including Aer Lingus, British Airways, Iberia, Vueling and LEVEL, announced today an agreement with Madrid-based energy company Repsol for the purchase of more than 28,000 tonnes of sustainable aviation fuel (SAF) over the next six months. The agreement marks the largest-ever SAF purchase in Spain to […]
France-based water and wastewater services and energy provider Veolia announced that its decarbonization targets have been approved by the Science Based Targets initiative (SBTi), and that its net zero transition plan has been rated as “Advanced” by international ratings agency Moody’s. The achievements make Veolia the first to obtain the double validation of its climate […]
Mit der Grundsteinlegung erreicht die ECKPFEILER Immobilien Nürnberg GmbH & Co. KG einen wichtigen Meilenstein auf dem Weg zum besonders nachhaltigen Wohnquartier HÖFE-N im Westen Nürnbergs. Nach Abschluss der archäologischen Untersuchungen war Ende März 2024 mit dem Bau des Ensembles mit seinen charakteristischen grünen Innenhöfen auf dem ca. 8.000 m² großen Grundstück begonnen worden. Mit […]
This week in ESG news: EU regulator calls for sustainability disclosure requirements for all financial products; UK to require SAF on flights from 2025; KLM plans hydrogen-powered flight; Airbus and partners launch $200 million sustainable aviation fuel fund; U.S. invests $4 billion to reduce GHG emissions in key industries; UK launches $10 billion renewable energy […]
The top sustainability innovations providing climate solutions include renewable energy technology, circular economy practices and vertical farming.
Abu Dhabi-based clean energy-focused developer Masdar announced an agreement with Italy-based European utility giant Enel to partner on 2.5 GW of renewable energy in Spain, including the acquisition of a 49.99% stake in EGPE Solar, encompassing Enel’s Spanish subsidiary Endesa’s portfolio of operational solar plants for €817 million (USD$887 million). The deal aims to support […]
Electric aviation company H55 announced the closing of its CHF 65 million (USD$74 million) Series C funding round, with a new investment from the Government of Quebec, adding to an initial phase last year. Launched in 2015, Swiss-based H55 was founded by André Borschberg, Sebastien Demont and Gregory Blatt, the former management team of Solar […]
A yeast oil developed by a Dutch biotech firm may transform the food and personal care industries by slashing the carbon footprint of conventional palm oil, which can be found in 60% of supermarket products.
