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…
Renewable energy infrastructure developer and operator Pattern Energy announced today that it has secured $11 billion in financing, consisting of a $8.8 billion in green loans and a $2.25 billion tax equity term loan facility, and that it has initiated construction on the SunZia Wind and Transmission projects, which the company described as “the largest clean energy infrastructure project in…
The government of Canada announced the publication of its completed new standard on the availability of electric vehicles, mandating annual increases in the proportion of sales of new zero emissions light duty vehicles, including passenger cars, SUVs, and light trucks, with a target to reach 100% zero emissions vehicle (ZEV) sales by 2035. The new standard was initially announced in…