Acelen Renewables, the renewable energy company of Abu Dhabi-based sovereign wealth asset manager Mubadala Capital, announced that it has secured $1.5 billion to construct a renewable fuels biorefinery in the state of Bahia, Brazil. Launched by Mubadala Capital at the COP28 conference in 2023, Acelen Renewables is developing an integrated ecosystem for renewable fuels production in Brazil, with a particular…

Clean energy developer and producer IPX Power announced that it has secured $4.95 billion in financing to fund the construction and operation of the Darden projects, a large scale solar and energy storage initiative transforming retired agricultural land into clean energy for California’s grid. The announcement marks the first project financing for IPX since its formation earlier this year, as…

The Taskforce on Inequality and Social-related Financial Disclosures (TISFD) announced today the release released the first draft version of its framework, designed to enable companies to understand and report on their businesses’ impacts dependencies, risks and opportunities related to people, encompassing issues such as human rights and inequality. Launched in early 2025, building on the success of the Task Force…

Lufthansa Group announced a significant expansion of its portfolio of climate protection projects, utilized in its offerings offerings enabling passengers to contribute to more sustainable flying, with an increasing emphasis on permanent carbon removal, and technology-based solutions. Alongside the expansion of its portfolio, Lufthansa Group revealed that passengers contributed to climate protection projects covering more than 710,000 metric tonnes of…

The European Commission announced that it has selected 65 projects to receive nearly €400 million (USD$465 million) in funding under the Innovation Fund Heat Auction, the EU’s first auction designed to accelerate the deployment of clean heat technologies across European industry. According to the Commission, the selected projects will avoid more than 6.6 million tons of CO2 emissions over 10…

Canada-based energy infrastructure company Enbridge announced a new $1.2 billion solar and battery energy storage (BESS) project in Wyoming to support tech giant Meta’s growing data center operations, expanding the companies’ clean energy partnership to approximately 1.6 GW of contracted capacity across North America. According to the companies, the new Cowboy Project, located near Cheyenne, Wyoming, will combine 365 MW…

This week in ESG news: Google confirms “moonshot” clean energy goal remains in place despite AI buildout; Microsoft signs first large-scale carbon removal deal since reportedly exiting market; SBTi broadens focus to climate target implementation, high-emitting sectors; NextEra acquires Dominion to form U.S. electricity giant; Australia proposes removing smaller companies from climate reporting requirements; HSBC launches $4 billion facility to…

Singapore-based investment manager Circulate Capital announced a new green loan facility agreement with HSBC, aimed supporting its ability to deploy capital rapidly and achieve greater impact across South and Southeast Asian circular economy investments. Launched in 2018, Circulate Capital was founded with an initial focus on investing in solutions for the ocean plastic crisis in South and Southeast Asia, and has…

Energy infrastructure investment manager Copenhagen Infrastructure Partners (CIP) announced the launch of Advanced Bioenergy Fund II (ABF II), a new fund focused on scaling biomethane and advanced bioenergy production across Europe. The new fund is launching with a €200 million (USD$232 million) commitment from the EIB Group’s European Investment Fund (EIF). CIP said that it has set a target size…

Singapore’s National Climate Change Secretariat (NCCS) and the World Bank Group announced the launch of the Singapore Carbon Markets Program, a new initiative aimed at supporting countries in developing and scaling national carbon markets. The program is designed to address key barriers hindering the growth of carbon markets, while supporting countries in strengthening technical capabilities, institutional capacity and digital infrastructure…