Carbon project developer Varaha announced the launch of a Series B financing round of about $45 million, with the closing of an initial $20 million tranche, as the company looks to expand its reach and capabilities. Founded in India in 2022, Varaha specializes in nature-based solutions, with a focus on working with smallholder farmers to help remove carbon from the…
Airbus and French energy giant TotalEnergies announced the signing of two Power Purchase Agreements to supply 3.3 TWh of renewable electricity to Airbus’ major sites in Germany and the UK, aimed at reducing emissions and expanding the use of clean power across the aerospace company’s operations. Under the new agreements, Airbus will source baseload electricity from new renewable energy assets…
Continued overall inflows and capital appreciation increased the assets under management in funds classified as Article 8 and 9 under the EU’s Sustainable Finance Disclosure Regulation (SFDR) to reach more than $10 trillion at the end of 2025, although global sustainable funds saw net outflows in the year, according to a new “Sustainability Fund Update: 2025 in Review” report released…
European energy provider EnBW announced a new long-term power purchase agreement (PPA) with Google, providing the tech giant with 100 MW of energy from a new offshore wind farm project in the German North Sea. Google’s environmental targets include 2030 goals to reach net zero emissions across its operations and value chain, and its 24/7 CFE ambition, aiming to run…
U.S. federal agency The Equal Employment Opportunity Commission (EEOC) announced that has filed a subpoena in federal court against Nike, seeking information as part of an investigation into allegations that the company discriminated against white workers through its Diversity, Equity, and Inclusion (DEI) programs. According to the court filing, the agency is investigating “potential unlawful employment practices” by Nike, allegedly…
Lunar Energy, a home electrification software and hardware startup founded by former Tesla Energy head Kunal Girotra, announced that it has secured $232 million in a series of funding rounds, with proceeds aimed at scaling its solutions to power homes with clean energy. Launched by Girotra in 2020, California-based Lunar Energy constructs integrated solar and battery systems to enable homeowners…
Meta announced that it has signed a Power Purchase Agreement (PPA) with Madrid-based Zelestra for the production of 176 MW of energy from a new solar project in Texas. Meta, the owner of Facebook, Instagram, and WhatsApp, has set a target to reach net-zero emissions across its value chain by 2030 and is one of the world’s largest corporate buyers…
Netherlands-based markets regulator the Dutch Authority for the Financial Markets (AFM) warned financial firms that it plans to pay extra attention on sustainability claims in its supervision activities this year, following a study that indicated that “claims still need improvement.” The study, conducted in 2024 and 2025, followed the release in 2023 by the AFM of its Guidelines on Sustainability…
Blackstone-backed energy storage developer Aypa Power announced that it has secured $1.5 billion in warehouse facility financing, with the capital aimed at accelerating the construction of utility-scale energy storage projects across the U.S. The financing, which includes a $1.5 billion construction warehouse revolving credit facility, and an additional US$500 million accordion feature, marks the largest warehouse financing executed for a…
The Science Based Targets initiative (SBTi) announced the release of an updated draft of its new Automotive Sector Net-Zero Standard, aimed at providing a framework for automakers and auto parts manufacturers looking to science-based net zero-aligned goals. The new publication, aimed at providing an Automotive Standard to replace parts of SBTi’s current Land Transport Guidance, follows the release by the…