European asset manager Amundi announced a strategic investment in Swiss commercial and industrial (C&I)-focused energy solutions provider Youdera, with the new backing aimed at supporting the company’s €150 million deployment plan in distributed energy infrastructure for C&I customers across Europe. Founded in 2015, Lausanne-based Youdera develops, finances, and operates solar photovoltaic systems, battery storage, and related infrastructure for commercial clients….
Renewable energy infrastructure integrator Sunotec announced today a new partnership structured equity investment from alternative investment manager Blackstone, aimed at supporting the company’s expansion across Europe, and the strengthening of its grid integration and renewable energy capabilities. Founded in 2012, Bulgaria-based Sunotec is an international system integrator of utility-scale solar and battery storage projects, specializing in the design and delivery of…
Carbon capture and removal technology provider Svante and the Meadow Lake Tribal Council (MLTC) announced a new long-term offtake deal with Microsoft, with the tech giant agreeing to purchase more than 600,000 tonnes of carbon removal credits generated from a new bioenergy with carbon capture and storage (BECCS) project in Canada. The new agreement follows the acquisition by Vancouver-based Svante…
Amazon’s cloud provider service, Amazon Web Services (AWS) announced the launch of its AWS Sustainability console, a new service aimed at enabling users to track and measure the carbon footprint of their AWS cloud usage. According to AWS, the new solution builds on the capabilities of the current Customer Carbon Footprint Tool (CCFT), launched by the company in 2022 as…
The Swiss government announced the release of its new proposed Federal Act on Sustainable Corporate Governance, a new law setting out updated sustainability-related reporting and due diligence obligations for large companies. The new proposed law would broadly align obligations for Swiss companies with those of their European counterparts under the EU’s recently updated Corporate Sustainability Reporting Directive (CSRD) and Corporate…
Nature-based soil carbon removal solutions provider Grassroots Carbon announced a new multi-year deal with Boeing, with the aerospace giant agreeing to offtake a minimum of 40,000 tons of durable carbon dioxide removal (CDR) credits. Launched in 2021 through the merger of grazing management software company PastureMap and carbon credit aggregator Soil Value Exchange, Texas-based Grassroots Carbon partners with ranchers across…
French energy giant TotalEnergies and clean energy developer Masdar announced a new agreement which will see the companies merge their onshore renewable activities in nine countries across Asia in a new $2.2 billion 50/50 joint venture. According to the companies, the new joint venture will bring together capital and expertise to deliver renewable energy at scale and speed, as electricity…
Singapore-based circular economy-focused investment manager Circulate Capital announced that it has raised $220 million at the first close of Circulate Capital Asia II, its new fund focused on investments to scale circular supply chains and recycling businesses across South and Southeast Asia. According to Circulate Capital, the new fund comes as regulatory changes, supply chain volatility, and consumer brand commitments…
This week in ESG news: EU kicks off ETS carbon market reforms; Nestlé, ILO launch project to improve human rights in coffee supply chain; Novisto acquires carbon accounting platform Minimum; TotalEnergies says it can’t set net zero targets due to slower than needed energy transition; new pollution reporting standards proposed by GRI; Google, Meta, McKinsey sign deals to remove carbon…