Alternative investment firm Stonepeak announced today an agreement with global energy developer Ørsted to acquire and equity ownership stake valued at approximately $300 million in a 957 MW portfolio of U.S. onshore wind farms. The portfolio includes four onshore wind farms across Illinois, Texas and Kansas. According to the companies, the portfolio is highly contracted, with each project currently operational,…
California-based climate tech company CarbonCapture announced today that it has raised $80 million, with proceeds to be used for the development and deployment of the company’s Direct Air Capture (DAC) carbon removal systems. DAC technology, listed by the IEA as a key carbon removal option in the transition to a net-zero energy system, extracts CO2 directly from the atmosphere for…
Investment giant BlackRock outlined a series of key developments that it expects to impact low-carbon transition-related investment opportunities and risks in 2024, including falling battery prices, upcoming elections, and rising physical climate risks, in a new report released by its insights and market commentary unit, BlackRock Investment Institute. The new report follows the identification of BlackRock of the low-carbon transition…
Lawmakers in the European Parliament voted 514-20 today to adopt a series of proposals aimed at reducing waste from the textiles and food sectors, including requiring fashion brands and textile producers to pay for the collection and recycling of clothing and footwear, and setting binding food waste reduction targets for EU member states. He vote marks the adoption by Parliament…
The Biden administration announced the launch of the National Zero-Emission Freight Corridor Strategy, aimed at guiding the deployment of zero-emission medium- and heavy-duty vehicle (ZE-MHDV) charging and hydrogen fueling infrastructure through 2040. Decarbonizing the transportation sector will play a central role in achieving the U.S.’ climate goals, including targets set by the Biden administration to achieve net zero by 2050,…
Global renewable energy company Low Carbon announced today the appointment of Annabel Wiscarson as CEO of its Low Carbon Investment Management arm. Wiscarson will sit on the Low Carbon Board and report to founder and Chief Executive Roy Bedlow. Founded in 2011, Low Carbon invests in, develops, and operates solar, wind, energy storage, and energy from waste projects across the…
Renewable energy infrastructure investor Excelsior Energy Capital announced today the acquisition by BlackRock of a portfolio of 38 solar energy and battery storage projects. According to Excelsior, the sale to BlackRock marks the firm’s first exit from its inaugural fund, Excelsior Renewable Energy Investment Fund I LP. Launched seven years ago, the fund attracted more than $500 million in capital…
Lawmakers in the European Parliament voted 467-65 to approve a series of rules aimed at protecting consumers from greenwashing, or misleading environmental claims by companies, including requiring companies to submit product marketing claims such as “biodegradable” or “less polluting” for verification before being allowed to use them. The vote establishes Parliament’s adopted position on the European Commission’s proposed “Directive on…
International asset manager Robeco announced a new sustainable engagement partnership with the Swiss Association for Responsible Investments (SVVK-ASIR). Founded in 2015, SVVK-ASIR is a responsible investment-focused alliance of major Swiss pension and social security funds. The coalition has grown to include 11 institutional investors representing total assets under management of more than CHF300 billion (USD$342 billion). The group monitors its…