Renewable energy developer and operator Aneo announced that it has acquired RWE Renewables Sweden’s wind power portfolio, which produces about 500 GWh annually. The purchase includes 124 MW of onshore wind spread across 11 wind farms, 48 MW of nearshore wind power and employees with expertise in project development, operations and maintenance services. According to Aneo, the agreement will reinforce…
Renewable energy developer Low Carbon announced that it has raised more than £500 million (USD$685 million) in a debt refinancing through a deal involving ten international banks, marking one of the largest debt raises of its kind in the European renewables market. Founded in 2011, Low Carbon is a UK-based independent power producer that develops, builds and operates utility-scale renewable…
Energy ministers from the UK and eight other European countries announced the launch of the Hamburg Declaration of Energy Ministers, setting a new ambition to jointly develop up to 100 GW of offshore wind projects in the North Sea, in a bid to “turn the North Seas into the largest clean power hub in the world.” The declaration was adopted…
The Hong Kong Monetary Authority (HKMA), Hong Kong’s central banking institution, announced the release of the Hong Kong Taxonomy for Sustainable Finance Phase 2A, expanding its classification system for identifying environmentally sustainable economic activities to include transition activities, climate adaptation, and a significantly broader range of sectors and economic activities. The release of the new update follows the launch by…
Agricultural technology company Syngenta, and state-owned Norwegian hydropower and renewable energy production company Statkraft, the largest producer of renewable energy in Europe, announced today a new virtual power purchase agreement (vPPA), providing wind energy to help decarbonize Syngenta’s plants in Europe. The new agreement will cover Syngenta’s CP & Seeds operations for a period of five years and will provide…
Exowatt, the renewable energy developer, announced the launch of ExoRise, a new business arm which delivers powered land and energy infrastructure for hyperscale data centers. According to Exowatt, the new business comes as U.S. electricity demand has accelerated faster than any time in two decades, driven largely by compute-intensive AI clusters reshaping grid-planning priorities across multiple states. ExoRise combines powered…
Venture capital investment firm 2150 announced today that it has raised €210 million (USD$249 million) at the final close of its second fund, aimed at investing in sustainability and climate tech startup targeting solutions for how cities are designed, constructed and powered. London-based 2150 was founded in 2019 to back technology companies enabling sustainable urban prosperity growth and the industries…
This week in ESG news: SBTi passes milestone 10,000 companies with science-based climate goals; ECB to intensify monitoring banks’ climate risk, transition planning; U.S.’ Hegseth to “sledgehammer” small business assistance program over DEI; EY appoints Chief Global Sustainability Strategist to integrate sustainability across firm’s services; TotalEnergies to reduce clean fuels investments over regulatory uncertainty in EU; AllianzGI launches $1 billion…
Climate solutions provider Charm Industrial announced a new carbon offtake removal deal with TD Bank, with the Canada-based financial services firm purchasing 44,000 tonnes of carbon removal over 10 years, starting in 2029. California-based Charm began operations in 2021, and has focused primarily on bio-oil production and sequestration, using plants to capture CO2 from the atmosphere, collecting agricultural residue from…