Over the past couple of years, the electric vehicle (EV) market has had no shortage of negative headlines. Subsidies were reduced in several regions, European sales temporarily plateaued, and investors began to question whether the transition had lost momentum. However, recent data would suggest the market has far from stalled and is instead moving up a new gear. Global electric…
Kanadevia Inova Acquires Dutch Clean Fuels Platform BioValue
Swiss energy transition and circular economy solutions provider Kanadevia Inova announced today that it has acquired a majority stake of biogas and biomethane developer BioValue. Founded in 2017, Netherlands-based BioValue develops, builds and operates biogas plants, converting organic waste streams into renewable energy products including green gas and other renewable fuels. The companies said that the acquisition will combine BioValue’s…
EU to Enable Integration of Sustainability Criteria in €2.5 Trillion Public Procurement Market
The European Commission announced the release of a new proposed regulation aimed at creating simpler and more modernized public procurement rules across the EU, in addition to integrating strategic policy objectives – including environmental, climate-related and social objectives – into the procurement process. As part of the new proposed regulation, public buyers would be required to consider not only price,…
BlackRock’s Skyborn Renewables Secures Over $2.4 Billion for Major German Offshore Windfarm
BlackRock-backed Skyborn Renewables announced that it has reached financial close on the Gennaker offshore wind farm in the German Baltic Sea, securing €2.1 billion (USD$2.4 billion) in financing to move the project into its construction phase. Germany-based Skyborn Renewables is an offshore wind infrastructure platform, focused on the development, construction and operation of projects globally. The company was launched in…
HSBC Appoints Mik Breiterman-Loader as Head of US Sustainable Finance and Transition
HSBC has appointed Mik Breiterman-Loader as its new Head of US Sustainable Finance and Transition. Breiterman-Loader takes on the new position after 5 years at HSBC, most recently serving as Sustainable Capital Markets Lead, Americas. Prior to joining HSBC, he co-founded and served as CEO for sustainable investing-focused platform Vestive, and as a portfolio manager at Morgan Stanley. The new…
GSK Signs 500,000-Tonne Carbon Removal Deal with Varaha
Global biopharma company GSK announced that it has signed an eight-year agreement in with carbon removal project developer Varaha, for the purchase of more than 500,000 carbon credits generated from a project expanding regenerative agriculture practices in northern India. The agreement was structured by nature-focused investment platform Earthly. Founded in India in 2022, Varaha specializes in nature-based solutions, with a…
Greenly Acquires Normative as Carbon Accounting Consolidation Accelerates
Carbon accounting and management solutions provider Greenly announced today the acquisition of carbon accounting software company Normative, in a dela described by the companies as aimed at building a top global climate software provider and enabling companies to get a clearer view of their Scope 3 supply chain emissions. The announcement marks the latest in a series of deals in…
Climeworks Doubles CO2 Capture Performance at Iceland Carbon Removal Plant
Zurich-based Carbon removal solutions provider Climeworks announced a series of performance improvements at its “Mammoth” direct air capture (DAC) and storage facility in Iceland, including revealing technology upgrades that have more than doubled CO2 capture performance under real-world conditions, while cutting operating costs per ton in half. Founded in 2009 by Christoph Gebald and Jan Wurzbacher, Climeworks provides carbon removal solutions…
Twelve Secures $45 Million Financing for CO2-Based Clean Fuels Plant
Carbon transformation-focused cleantech company Twelve announced that it has secured a credit facility of up to $45 million, with the financing used to refinance the construction facility for its new AirPlant One facility, and supporting additional expansion at the site. Founded in 2015, California-based Twelve produces chemicals, materials and fuels from captured CO2 combined with water. The process is powered…
Google Signs its Largest-Ever Superpollutant Carbon Credit Deal
Google announced today that it has signed a new agreement with startup Mitti Labs to purchase 1 million carbon credits over the next four years, to be generated from projects enabling over 70,000 smallholder farmers in India transition to practices reducing methane emissions from rice farming. According to the IPCC, superpollutants, which can include gases such as methane emitted from…