Produced by an ICMA and IRSG co-working group, the code aims to improve the availability and quality of information provided to investors. A new code of conduct for ESG ratings and data products providers could help to harmonise regulation around their practices globally, industry participants have told ESG Investor. Published last month, the code was developed by the ESG Data and Ratings…
Guest Post: As Climate Challenges Mount, the Tech to Address Them is Going Global
By: David Schatsky, Global Leader, GreenSpace Research & Insights Managing Director, Deloitte The response to climate change often starts with data and dialogue, but can’t come to life without technology. We should focus on designing and implementing technologies—some newer than others— that can help the systems we use to generate energy, produce food, manufacture goods, construct and operate buildings, and…
Engie Acquires Majority Stake in 194 MW Spanish Wind Portfolio from Mirova
Sustainability-focused investment manager Mirova announced today the acquisition by power company Engie of its 51% stake in the Goya project in Spain, a portfolio of seven wind farms with a total power capacity of 194 MW. Initially awarded in 2016, the Goya project was the first renewable project in Spain to be built without subsidies. Construction on the project started…
Caterpillar, CRH Launch Partnership to Deploy Electric Off-Highway Trucks
Leading construction and mining equipment, engine, turbine and locomotive manufacturer Caterpillar and building materials company CRH announced today a new strategic electrification agreement to develop and deploy battery electric off-highway trucks for CRH operations. CRH is the largest aggregates producer in North America, and the first in its industry to sign an electrification agreement with Caterpillar, the companies said. Denise…
Norway’s Statkraft to Invest up to €6 Billion in Hydro, Wind Power
State-owned Norwegian hydropower and renewable energy production company Statkraft announced today the launch of a major investment program, with plans to invest up to €6 billion in its hydro and wind facilities, and for the construction of new wind farms. Hydropower accounts for the significant majority of Norway’s energy mix, at around 88% of total power production, according to the…
I Squared Invests $400 Million in Brazil-based Clean Energy Platform Órigo Energia
Global infrastructure investment manager I Squared Capital announced today an agreement to invest up to $400 million in Brazilian distributed energy generation company Órigo Energia, with proceeds from the investment funding the construction of Órigo’s pipeline of more than 2 GW of distributed solar generation projects. The transaction, expected to close in the first quarter of 2024, marks I Squared’s…
ADNOC Acquires 10% Stake in Carbon Capture Developer Storegga
The Abu Dhabi National Oil Company (ADNOC) announced today an investment in UK-based carbon capture and storage project developer Storegga, acquiring a 10.1% stake in the company, and marking the energy giant’s first international equity investment in carbon management platforms. According to ADNOC, the investment forms part of the company’s initiative, announced last year, to allocate $15 billion to low-carbon…