Let’s cut to the chase: sustainability data is a mess.
Clean Energy Producer Solveo Raises €98 Million
French renewable energy producer Solveo Energies announced that it has raised €98 million (USD$111 million) in a new financing round, with proceeds from the financing aimed at accelerating the development of wind and solar projects that will help contribute to France’s carbon neutrality goals. Founded in 2008, Solveo works with local resources and partners to develop, finance, build and operate…
TotalEnergies Commissions its Largest Solar Project in Europe
France-based energy giant TotalEnergies announced that it has inaugurated its largest solar power plant cluster in Europe, consisting of five projects near Seville, Spain, with a total installed capacity of 263 MW. According to TotalEnergies, the new solar projects will produce 515 GWh per year of renewable electricity, equivalent to the consumption of over 150,000 Spanish households. The company added that…
Starbucks Launches Compostable, Recyclable Cups
Starbucks announced the launch of a new version of its flagship takeaway white cup in Europe, replacing the cup’s plastic lining and plastic lids with new materials, allowing the cup to be home compostable and recyclable. The rollout of the cup begins this month in 10 European countries, and is set to come to the UK and Ireland later this…
EU Lawmakers Adopt Rules Giving Automakers More Time to Meet Emissions Targets
The European Council announced today that it has adopted amendments to a regulation on CO2 emissions standards for new passenger cars and vans, giving car manufacturers more time to comply with CO2 targets, avoiding significant penalties that are slated to start this year. The EU adopted a series of clean mobility regulations in 2023, including a requirement for a 100% reduction…
BlackRock Enters Talks to Acquire Co-Controlling Stake in Eni’s Carbon Capture Business
Italian energy company Eni announced today that it has signed an exclusivity agreement with BlackRock’s infrastructure-focused unit Global Infrastructure Partners (GIP) for the potential sale of a co-control stake of 49.99% of Eni’s Carbon Capture, Utilization and Storage (CCUS) business, Eni CCUS Holding. Eni CCUS Holding encompasses several large-scale European CCUS projects, including the UK-based Hynet, aimed at capturing CO2 emitted…
Snam Raises $2 Billion in First-Ever Sustainability Linked Bond Offering Tied to Full Value Chain Net Zero Targets
Italian energy infrastructure and services provider Snam announced that it has raised $2 billion in a multi-tranche sustainability linked bond (SLB) offering, with the cost of debt tied to the company’s interim- and long-term targets to reduce greenhouse gas (GHG) emissions across its value chain. According to the company, the offering is the first-ever SLB linked to a net zero…