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TotalEnergies Acquires Renewable Energy Developer VSB for $1.7 Billion

TotalEnergies Acquires Renewable Energy Developer VSB for $1.7 Billion

French energy giant TotalEnergies announced on Wednesday an agreement to acquire Germany-based renewable energy project developer VSB Group from global private markets investor Partners Group for total consideration of €1.57 billion (USD$1.7 billion). Founded in 1996, Dresden-headquartered VSB develops wind and solar energy projects across Europe. The company has grown to over 500 employees, with more than 475 MW of…

BlackRock, Temasek Decarbonization Fund Invests in Residential Energy Transition Solutions Provider ConnectDER

BlackRock, Temasek Decarbonization Fund Invests in Residential Energy Transition Solutions Provider ConnectDER

Philadelphia-based ConnectDER announced that it has raised $35 million in a Series D funding round to expand the market and innovation for its at-home electric vehicle charging and solar panel connection technology. The round was led by by BlackRock and Temasek’s decarbonization-focused fund, Decarbonization Partners. Founded in 2011, ConnectDER provides technology enabling households to install solar panels and chargers for…

Carbon Accounting Software Provider Normative Appoints Sebastien Blanc as New CEO

Carbon Accounting Software Provider Normative Appoints Sebastien Blanc as New CEO

Normative, which provides a carbon accounting platform that enables companies to track their carbon footprint through mapping their business activities, announced the appointment of Sebastien Blanc as its new CEO. Blanc takes on the role from Kristian Rönn, who has served as CEO of Normative since co-founding the company in 2014. In a social media post announcing the new appointment,…

Direct Air Capture Provider Heirloom Raises $150 Million to Scale Carbon Removal Technology

Direct Air Capture Provider Heirloom Raises $150 Million to Scale Carbon Removal Technology

Carbon removal technology provider Heirloom announced today that it has raised $150 million in Series B funding, with proceeds from the financing aimed at supporting the rapid scaling of commercial Direct Air Capture (DAC) technology. DAC technology is listed by the IEA as a key carbon removal option in the transition to a net-zero energy system. According to an Intergovernmental…

Apollo Acquires 50% Stake in 2 GW Texas Solar and Storage Portfolio from TotalEnergies for $550 Million

Apollo Acquires 50% Stake in 2 GW Texas Solar and Storage Portfolio from TotalEnergies for $550 Million

Global alternative investment manager Apollo announced today an agreement with French energy giant TotalEnergies to acquire a 50% stake in a Texas-based portfolio, consisting of approximately 2 GW of solar and battery energy storage system assets. The acquisition follows the launch by Apollo last year of Apollo Clean Transition Capital (ACT Capital), an investment strategy with $4 billion in capital,…

80% of Investors Expect to Increase Sustainable Investments Over Next 2 Years: Morgan Stanley Survey

80% of Investors Expect to Increase Sustainable Investments Over Next 2 Years: Morgan Stanley Survey

Four out of five asset managers and owners expect to see increases in their sustainable assets under management (AUM) and allocations over the next two years, with sustainable investing offerings emerging as a key differentiator for the large majority of investors, driven by the anticipated exposure to growth opportunities from sustainable investments, and a more established track record for sustainable…