German power producer RWE announced that it has signed two 15-year power purchase agreements (PPAs) with Microsoft for the purchase of renewable energy from two new Texas-based onshore wind farms, with a combined capacity of 446 MW. The two new renewable energy projects include RWE Peyton Creek II and the Lane City project. Peyton Creek II, currently under construction, is…
This week in ESG news: 80% of companies see sustainability as revenue and profit driver, Morgan Stanley survey finds; EU passes environmental, human rights sustainability due diligence law; Holcim to build €500 million net zero cement plant; tech giants launch carbon removal buyers coalition; Bloomberg survey finds most lawyers don’t expect SEC climate disclosure rule to survive intact; Diageo decarbonizes…
Thomas recently joined Rio AI as Associate Director – Financial Services. Based in London, he brings a deep understanding of sustainability practices, essential for crafting sustainable financial strategies. Previously at Deloitte, Thomas led initiatives around the EU Taxonomy Regulation, developed the ‘Taxonomy Map’ framework and supported clients with sustainability disclosures under various directives such as CSRD and SFDR. His extensive…
The European Council announced today the approval by member states of the Corporate Sustainability Due Diligence Directive (CSDDD), marking the final step in the adoption of legislation setting mandatory obligations for large companies to address their negative impacts on human rights and the environment across their value chains. The final adoption of the directive had come into significant doubt in…
Energy developer Ørsted announced that it has received a $680 million investment in tax equity financing from J.P. Morgan, aimed at funding the construction of new solar and storage projects in Texas and Arizona. According to Ørsted, the investment marks one of the largest solar and storage tax equity transactions using a combined production tax credit (PTC) and investment tax…