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…
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 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,…
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…
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…
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…
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…
Data center-focused cooling and automation solution provider Submer announced that it has raised $55.5 million in a new funding round, with proceeds aimed at supporting the copmany’s sustainable immersion cooling technology to help data centers cut costs and environmental impact. The financing comes as AI-driven growth is driving a rapid increase in data center power demand. Over the past few…