Renewable power company BrightNight announced today that it has closed a $260 million tax-equity financing, provided by J.P. Morgan, through one of its affiliates, and Capital One, for its 300 MW Box Canyon solar project in Arizona. Tax equity financing is emerging as a key source of funding for new clean energy and decarbonization projects in the U.S., since the…
Investment management firm Fidelity International announced today the launch of Fidelity Funds 2 – Blue Transition Bond Fund, a new fund aimed at supporting the transition towards improved ocean and freshwater health while achieving capital growth over the long term. The launch marks the first blue transition fixed income fund globally, according to Fidelity, and comes as ocean and freshwater-related…
Global financial services group Macquarie announced today plans for £20 billion in infrastructure-focused investments in the UK, encompassing energy transition-focused areas such as EV charging and renewable energy, in addition to digital infrastructure and other areas. Among the key infrastructure investments highlighted by the firm as part of its announcement was a plan to roll out a network of fast-charging…
This week in ESG news: Canada plans mandatory climate reporting for large companies; ACCA launches sustainability skills course, accreditation for finance professionals; KPMG survey finds CEOs are sticking with climate strategies, but changing how they talk about it; EU to delay rules banning deforestation-linked products; ISS acquires carbon accounting software provider; Morningstar launches CSRD, EU Taxonomy compliance solutions; greenwashing cases…
Circular manufacturing startup Molg announced that it has raised $5.5 million in seed funding, with proceeds aimed at scaling capacity for the company’s solution to tackle electronics waste. Founded in 2021 by CEO Rob Lawson Shanks and CTO Mark Lyons, Sterling, Virginia-based Molg provides circular manufacturing processes for electronics and electrical components, focused on robotics and design, including robotic microfactories…