Norway-based energy company Equinor and UK energy giant bp announced today the termination of an agreement with the New York State Energy Research and Development Authority (NYSERDA) for Empire Wind 2, one of the largest offshore wind projects in the U.S. with anticipated capacity of nearly 1.3 GW. According to a statement from the companies, the decision to end the…
Introduction to ESG and its Significance in Business In the dynamic arena of modern business, ESG stands as a beacon of innovation and ethical practice. As an acronym for Environmental, Social, and Governance, ESG represents the foundational elements of sustainable and ethical operations within the corporate world. It’s a concept that transcends mere regulatory adherence, embedding itself into the…
Sustainable infrastructure capital provider Nexus Development Capital announced a $5 million investment in carbon removal startup Standard Biocarbon, aimed at supporting the development and scaling of its new biochar production facility. Biochar, or biological charcoal, is produced by heating biomass, such as forest residue, wood or crop waste, in the absence of oxygen, creating a stable form of carbon, which…
Business data and analytics provider Dun & Bradstreet and climate data and analytics company Climate Engine announced the launch of D&B Climate Risk Insights, a new solution aimed at helping businesses to understand, prepare for and mitigate climate-related risks. According to the companies, the new solution comes amid a growing challenge to businesses globally, arising from the frequency and severity…
Macquarie Asset Management (MAM) announced the acquisition of Greece-based renewable energy company Enel Green Power Hellas from Enel Group for a total equity consideration of approximately €250 million. Launched by Enel Group in 2008, Enel Green Power Hellas develops and operates renewable energy projects in Greece, with a portfolio in of 482 MW of onshore wind, solar, and hydropower projects…
India-based renewable energy developer and operator Adani Green Energy Limited (AGEL) announced the completion of a joint venture with French energy giant TotalEnergies, including a $300 million investment by TotalEnergies for a 50% stake in a portfolio of more than 1 GW of solar and wind projects. Initially announced in September 2023, the new JV comes as India continues to…