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Masdar Acquires $887 Million Stake in 2.5 GW Spanish Renewables Portfolio from Enel

Masdar Acquires $887 Million Stake in 2.5 GW Spanish Renewables Portfolio from Enel

Abu Dhabi-based clean energy-focused developer Masdar announced an agreement with Italy-based European utility giant Enel to partner on 2.5 GW of renewable energy in Spain, including the acquisition of a 49.99% stake in EGPE Solar, encompassing Enel’s Spanish subsidiary Endesa’s portfolio of operational solar plants for €817 million (USD$887 million). The deal aims to support Masdar’s ambitious clean energy growth…

Electric Aviation Company H55 Raises $74 Million

Electric Aviation Company H55 Raises $74 Million

Electric aviation company H55 announced the closing of its CHF 65 million (USD$74 million) Series C funding round, with a new investment from the Government of Quebec, adding to an initial phase last year. Launched in 2015, Swiss-based H55 was founded by André Borschberg, Sebastien Demont and Gregory Blatt, the former management team of Solar Impulse, the first electric airplane…

KLM, ZeroAvia Plan Hydrogen-Powered Test Flight

KLM, ZeroAvia Plan Hydrogen-Powered Test Flight

KLM and electric aviation solutions startup ZeroAvia announced plans for a zero-emissions demonstration flight using hydrogen-electric engines powered by liquid hydrogen. The test flight plans come as a series of initiatives are underway to target rapid aviation sector decarbonization, such as electrified propulsion or sustainable aviation fuel (SAF). Hydrogen, however, is viewed by some in the industry as a more…

A Nature-positive Economy

Karen Ellis, Chief Economist at WWF-UK, talks about the convergence of climate and nature and the emergence of industry sector transition pathways. At COP26 in Glasgow, the then-Chancellor of the Exchequer Rishi Sunak announced plans for the UK to become the world’s first net zero-aligned financial centre. Sunak applauded “historic” climate commitments from private companies, representing US$130 trillion in financial…

US ‘Project 2025’ Threatens Green Investments

With the potential of Trump 2.0 looming, many fear an arch-conservative climate-denying manifesto could become official policy. Green investors are increasingly worried about what a second Donald Trump presidency might mean for US energy and climate policy. Central to their fears is a manifesto called ‘Project 2025’. The 900+-page document, produced by right-wing think tank the Heritage Foundation, sets out…

Take Five: Ready to Engage

A selection of the major stories impacting ESG investors, in five easy pieces.  Proposals to bolster sustainable finance in Europe include recommendations for a new region-wide stewardship code.   Europe’s new code – As Ursula von der Leyen mulled over the composition of her top team for the next five years, the European Commission’s incoming finance chief was already getting…

Adapt or Burn

Mary Leung, Senior Advisor of Research and Advocacy for Asia-Pacific at the CFA Institute, makes the case for increased investment in climate adaptation.   How did your summer go? Was it hotter than usual? One’s answer is most likely in the affirmative, whether you were in Asia, Europe or the US, and regardless of whether the question was asked this…

A Floor, Not a Ceiling

Meg Roggensack, Adjunct Professor at Georgetown University Law Center, explains how the US National Action Plan 2.0 can be a valuable tool for investors. Countries around the globe use national action plans (NAPs) on business and human rights to support implementation of the UN Guiding Principles on Business and Human Rights (UNGPs), the internationally agreed upon guidelines for states and companies to…

Let the Innovation Flow

The US$25 billion watertech start-up ecosystem offers significant potential to investors, according to Ali Al Suhail, Vice President at DAI Magister. Water is essential for our health, well-being, and the global economy. It underpins an astonishing US$58 trillion in economic value, equivalent to 60% of the world’s GDP. However, this vital resource faces an unprecedented crisis due to increasing populations and…

Amazon, Air Products Launch Initial Trials of New Mercedes-Benz Hydrogen Powered Fuel Cell Trucks

Amazon, Air Products Launch Initial Trials of New Mercedes-Benz Hydrogen Powered Fuel Cell Trucks

Global truck manufacturer Daimler Truck announced today the launch of the initial customer trials of its hydrogen fuel cell-powered Mercedes-Benz GenH2 Trucks by five customers including Air Products, Amazon, Holcim, INEOS and Wiedmann & Winz. The launch of the new trucks follows a commitment set by Daimler Truck in 2020 to significantly invest in hydrogen technology, forming part of the…