Potential reopening of EU directive is seen as hampering both companies and investors, following comments from a German minister and a proposed EUDR delay. Investors hoping to benefit from heighted transparency of ESG risks under the Corporate Sustainability Reporting Directive (CSRD) must remain wary of attempts to water down the legislation. Adopted in 2022, the CSRD mandates comprehensive ESG disclosures…
Google Signs 435 MW Solar PPA to Power U.S. Operations
Sustainable energy firm energyRe announced that it has signed a 12-year power purchase agreement (PPA) with Google, supplying the tech giant with 435 MW of renewable energy for its operations in the central U.S. from a new solar project. The project will be developed, owned, and operated by energyRe, and the firm will supply the generated electricity and Renewable Energy…
Goldman Sachs Closes $440 Million Investment in Renewable Power Platform BrightNight
Renewable power company BrightNight announced that it has closed a $440 million strategic equity investment from Goldman Sachs Asset Management’s alternative investments platform Goldman Sachs Alternatives. Initially announced earlier this year, the investment is aimed at supporting BrightNight’s independent power producer (IPP) business model and the buildout of its utility-scale portfolio across the U.S. Founded in 2019 as a renewables-focused…
CDPQ, Nuveen Launch $600 Million Sustainable Commercial Real Estate Finance Program
CDPQ and Nuveen Green Capital (NGC) have announced the establishment of a $600 million financing program for sustainable real estate investments. The program will combine senior and Commercial Property Assessed Clean Energy (C-PACE) financing, which enables property owners to finance the upfront cost for qualified energy, water, resilience, and public benefit projects. The program will support energy efficiency, water conservation,…
Neutreeno Raises $5 Million to Help Companies Tackle Supply Chain Emissions
UK-based Neutreeno, which is developing a B2B SaaS platform for decarbonization, announced that it has raised $5 million in seed funding. The round was led by Regeneration.VC. Other investors include Remarkable Ventures Climate Fund (RVC), Closed Loop Partners, Prequel Ventures, Scania Invest and Beacon Venture Capital. Neutreeno, a spinout company from the University of Cambridge, has a platform that uses…
Heliene Raises $54 Million to Grow U.S. Solar PV Manufacturing Capacity
Solar PV module manufacturer Heliene announced that it has closed a $54 million strategic equity investment led by energy transition-focused private equity firm Transition Equity Partners (TEP), aimed at expanding the company’s North American operations. Founded in 2010, Ontario, Canada-based manufactures solar PV modules serving the utility-scale, commercial, and residential markets. According to the company, the investment comes as Heliene…
Most CEOs Sticking with Climate Strategies, but Changing How they Communicate it: KPMG Survey
More than two thirds of CEOs report that they remain committed to their climate strategies, but are adapting the language and terminology they use to communicate it, and while many are not confident that their companies will achieve their near-term climate goals, most anticipate significant returns from their sustainability efforts over the next five years, according to a new survey…
ACCA Launches Sustainability Skills Course and Accreditation for Finance and Accounting Professionals
The Association of Chartered Certified Accountants (ACCA), announced the launch of a new Professional Diploma in Sustainability, a course and certification designed for finance professionals at all levels who are looking to gain a deeper understanding of sustainability in the business world. The new course comes as demand for sustainability-related skills is increasing globally as companies and countries globally begin…