Renewable energy company JERA Nex announced the acquisition of two U.S. solar projects, totaling 395MW from Lightsource bp, marking the new company’s entry into the U.S. solar market. JERA Nex was launched in April by Japan’s largest power generation company, JERA, with a mandate to develop, invest, own and operate renewable energy assets, including offshore and onshore wind and solar,…
The U.S. Securities and Exchange Commission launched a defense in court of its new climate reporting rule, arguing that the proposed disclosures in the rule provide “information directly relevant to the value of investments,” and that it is within the Commission’s authority to mandate climate risk disclosures. In a brief filed this week with the U.S. Eighth Circuit Court of…
The UK government will introduce legislation aimed at regulating ESG ratings providers in 2025, according to a speech Wednesday by Chancellor of the Exchequer Rachel Reeves, and confirmed today in a statement by the finance ministry, HM Treasury. The statement said that “the Chancellor sees an opportunity to work with industry to drive more investment and cement the UK as…
UK pension scheme Nest announced today the appointment of J.P. Morgan Asset Management’s timberland investment advisory company Campbell Global to establish a new evergreen timberland fund. Under the new agreement, Campbel Global will seek out opportunities for Nest in key global markets including the U.S., Australia, New Zealand and Chile, providing the pension scheme with a global portfolio of direct…
Spanish Bank BBVA announced that it achieved €26 billion (USD$28.5 billion) in sustainable finance mobilization in Q2 2024, a new record for the bank, driven by factors including growth in areas such as cleantech and renewable energy. According to BBVA, the bank is ahead of its goal to mobilize €300 billion in sustainable finance from 2018-2025. BBVA set an initial…