The Harmony Energy Income trust (HEIT) board has recommended Foresight Group LLP’s takeover offer to its shareholders after Drax announced it would not increase its bid. Drax, the power generation business, made an 88p per share offer to acquire the trust in March after Foresight’s original 84p per share offer. However, yesterday (20 May) they announced they would not increase the…

Global private capital investment firm Carlyle announced the launch of Revera Energy, a new platform that will invest in and develop sustainable and clean energy infrastructure solutions in Australia and the UK. Revera will develop, build, own, and operate energy infrastructure projects involving battery storage, renewable power, and green hydrogen. The projects will include those in Carlyle’s current portfolio, comprised…

The European Commission announced that it has selected 15 projects across the European Economic Area (EEA) to receive €992 million (USD$1.1 billion) in funding to produce renewable hydrogen, a key element of efforts to decarbonize heavy industry and transport. According to the Commission, the projects, located across Germany, Spain, Finland, Norway and the Netherlands, are expected to produce nearly 2.2…

JPMorganChase and carbon dioxide removal (CDR) project developer CO280 announced a new large-scale, long-term CDR purchase agreement, with JPMorgan agreeing to offtake 450,000 tons of carbon removal over 13 years from a project that will capture and permanently store biogenic carbon emissions from a pulp and paper mill in the U.S. Gulf Coast. At a price of under $200 per…

The number of EU open-end funds and ETFs with ESG-related terms in their names has dropped by only 8% to an estimated 4,220, one year after the release of the final European Securities and Markets Authority (ESMA) fund naming guidelines, according to Morningstar’s latest research. In May 2024, ESMA issued its final guidelines for funds marketed in the European Union that…

Infrastructure investors have grown comfortable with the idea that ‘bigger is safer’, so much so that the average dedicated infrastructure fund has doubled in size over the past decade, reaching more than $1.1bn in 2024. Despite a smaller number of total funds being raised due to a challenging period for capital raising across private markets amid a broader squeeze on…

Big tech companies like Alphabet, Amazon, Apple, Meta and Microsoft are coming under increased pressure from investors to address the ethical risks tied to artificial intelligence (AI), according to the latest research from Morningstar Sustainalytics. The research shows, on average, shareholder support for resolutions on AI has exceeded support for proposals on other environmental and social (E&S) themes. Average adjusted…

Asset managers are paving the way for fossil fuel expansion, environmental degradation and the proliferation of dangerous arms, including nuclear weapons, according to the latest research from ShareAction. Across the board, investment firms “are failing to consider the long-term interests of asset owners”, with progress in the industry stagnating as social and environmental crises deepen, the fifth edition of Point of…

Low carbon mobility-focused finance and investment firm Neot Capital announced the launch of Neot e-motion, a new leasing platform dedicated to zero-emission mobility in Europe. The new platform is being launched with €350 million (USD$394 million) in equity commitments from investors including Alba Infra Partners, Mirova, and the Banque des Territoires. Founded in 2016, Paris-based Neot develops and manages investment…

Alternative asset manager Patria Investments announced the launch of Omnia, a new platform aimed at developing, building and operating large-scale data centers across Latin America, fully powered by green, renewable energy. Patria said that the new platform will initially focus on 100+ MW campus projects, tailored to high-density AI workloads, with expected investments above $1 billion. The launch of the new…