Macquarie Asset Management today announced that it has raised more than $3 billion in fund and co-investment commitments for its Macquarie Green Energy Transition Solutions (MGETS) strategy, its first energy transition-focused fund aimed at investing in opportunities beyond renewables. At it’s final close, the fund significantly surpassed its initial target size of $2 billion. Commitments raised for MGETS include more…

Mercedes-Benz and energy park developer UKA announced today that they have received permission to start installation of a wind farm at the Mercedes-Benz test track in Papenburg, northern Germany. At a planned 140 MW, the new project will be one of the most powerful onshore wind farms in Germany, covering approximately 20% of Mercedes-Benz’s annual electricity needs in the country. The construction of the new wind farm follows the establishment of…

Decarbonization-focused investment firm Galvanize announced today the launch of its new Credit and Capital Solutions strategy, aimed at providing flexible financing solutions to back companies and projects across the energy transition value chain, and established with a $1.3 billion investment program from a leading institutional investor. Galvanize was launched in 2022 by hedge fund billionaire and former presidential candidate Tom Steyer and…

Microsoft announced today a new agreement valued at over $6 billion with AI hyperscaler Nscale and industrial investment company Aker, providing Microsoft with computing power from a new large-scale AI infrastructure project in Northern Norway, to be powered entirely by renewable energy. According to Microsoft, the new 5 year agreement “will deliver sustainable AI infrastructure for all of Europe,” to…

Global airline alliance oneworld and a group of airlines announced the launch of the oneworld BEV Fund, a new sustainable aviation fuel (SAF)-focused venture fund aimed at scaling the availability and lowering the cost jet fuels that can reduce the greenhouse gas emissions impact of aviation. The new fund is being launched in partnership with Bill Gates-founded climate tech VC…

The government of Australia announced a new climate target, aiming to reduce greenhouse gas emissions by 62% to 70% by 2035, on a 2005 basis. With the release of its new target, Australia also unveiled plans for more than $8 billion (USD$5.3 billion) in new climate-related investments, targeting areas including industrial decarbonization, clean electricity, low-carbon fuels and EV charging infrastructure….

Sustainability-focused investment manager Suma Capital announced the completion of the final closing of SC Net Zero Ventures I, securing €210 million (USD$249 million) to invest in startups accelerating industrial decarbonization across Europe. The fundraising significantly surpassed Suma’s initial €150 million target for the climate tech venture fund. The investment vehicle focuses on companies in the expansion stage that are advancing…

Singapore’s Ministry of Trade (MTI) and National Climate Change Secretariat (NCCS) announced that the government will contract more than 2 million tonnes of nature-based carbon credits from four projects in Ghana, Peru, and Paraguay, as part of the island city-state’s initiatives to meet its climate goals. Singapore has set a goal to achieve net zero emissions by 2050, and a…

Texas Attorney General Ken Paxton announced that he has launched an investigation into proxy advisory firms Glass Lewis and Institutional Shareholder Services (ISS), alleging that the companies potentially misled investors by recommending they vote for companies implementing DEI and sustainability policies. In a statement announcing the investigation, Paxton said that the firms were “issuing voting recommendations that advance radical political…

Google announced the launch of a new partnership with waste management solutions startup Vaulted Deep, aimed at removing carbon from the atmosphere, and helping establish a methodology to measure methane emissions reductions. Spun out of injection well-focused waste management company Advantek in 2023, Vaulted Deep partners with municipalities, industrial operators, and agricultural producers to manage their organic waste that can’t…