Tag: finance

Greening the Public Estate in the UK

Greening the Public Estate in the UK

April 22, 2024 |

The annual running costs of the UK’s £188.2 billion (USD equivalent, $257.1 billion) estate is £22 billion. The most recent report on the State of the Estate (2021-22), an annual publication since 2011, shows that emissions of the estate fell by 35% over five years. Making the UK’s public capital stock climate neutral requires improving operational efficiency but crucially hinges upon upgrading public buildings, energy and transport infrastructure. What can less developed countries learn from the UK’s experience when greening their estate? 

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Over $50 Billion Flow to Climate-Tech Startups in a Stormy Year

Over $50 Billion Flow to Climate-Tech Startups in a Stormy Year

February 17, 2024 |

Climate-tech companies raised $51 billion in venture capital and private equity funding across more than a thousand deals tracked by BloombergNEF last year. Though this was 12% lower than 2022, the slide was a fraction of the 35% reported for all startups by Pitchbook. Most of the funding went to low-carbon energy and low-carbon transport companies. From a deals perspective, BNEF’s Climate-Tech VC/PE Investment Database shows a 15% decline in the number of deals completed in 2023 compared to 2022.

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Financial institutions make new commitments at COP28 Finance Day

Financial institutions make new commitments at COP28 Finance Day

December 6, 2023 |

COP28 Finance Day unlocked significant progress on international financial architecture reform to support low-income and vulnerable countries to fight climate change. Major international financial institutions and countries made new commitments to offer climate-resilient debt clauses (CRDCs) in their lending.

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MaxSolar secures €410 million financing

MaxSolar secures €410 million financing

July 14, 2023 |

MaxSolar, a German company that produces renewable energy, has announced that it has obtained €410 million in financing for solar projects throughout Germany. Over the following five years, with the help of the finance, the company will construct 2 GW of solar production capacity. The funds will be dispersed in two installments, each worth $185.1 million and $274.9 million, and it will be used to construct solar capacity from MaxSolar’s project pipeline.

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ASEAN Capacity Building Roadmap on Energy Investment

ASEAN Capacity Building Roadmap on Energy Investment

July 6, 2023 | ,

The report has been authored by ASEAN Centre for Energy. The key objectives of the roadmap are: to identify progress and issues in attracting investments and sustainable financing for energy infrastructure and technologies in ASEAN and to identify key priority areas and actions in building up regional capabilities on clean energy investments.

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Colombia Sustainable Finance Report

Colombia Sustainable Finance Report

June 2, 2023 | ,

Colombia Sustainable Finance State of the Market 2022 identifies sustainable investment opportunities in Colombia in accordance with the Colombian Green Taxonomy and the potential for green and other thematic instruments to attract investment to the country. The report describes the shape and size of the local green, social, sustainability, and sustainability-linked (GSS+) debt market.

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Low-cost finance for the energy transition: Report

Low-cost finance for the energy transition: Report

May 19, 2023 | ,

The need to scale up the deployment of technologies such as green hydrogen, energy storage and offshore wind has become increasingly critical to the success of the global energy transition and to meeting global climate goals. The report offers lessons from historical cost reduction trends for solar PV and onshore wind technologies, enabling innovative frameworks that can adopted to accelerate the deployment of new and critical low-carbon technologies.

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<strong>Power Capital Renewable Energy secures €240m funding for solar assets</strong>

Power Capital Renewable Energy secures €240m funding for solar assets

January 18, 2023 |

Power Capital Renewable Energy, an Irish independent power producer, has secured €240 million in financing to bring 1.2 GW of solar capacity online by 2025. The construction equity facility was given by a consortium of lenders managed by Eiffel Investment Group, which included Belgian insurance company Ethias and the European Investment Bank. 

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The Rise of Climate Fintech

The Rise of Climate Fintech

November 18, 2022 |

The climate crisis is a defining challenge for Asia and the Pacific, which as a region is the most vulnerable to global warming, and a significant contributor to its cause. Yet, it is not all doom and gloom. Driven by a combination of climate change, finance, and digital technology —collectively known as ‘climate fintech’ — the financial services industry is preparing to address these challenges and capture opportunities for transitioning to a more sustainable economy. 

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Carlyle purchases stake in Aspen Power Partners for $350m

Carlyle purchases stake in Aspen Power Partners for $350m

November 7, 2022 |

Aspen Power Partners, a US-based solar energy company, has sold a “significant” stake in itself to funds managed by global investment firm Carlyle for $350 million. Aspen plans to use the sale’s revenues to further its organic and acquisition-driven growth strategies in the community, multifamily, and commercial and industrial (C&I) solar and storage markets.

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Capital Dynamics closes $508 million clean energy fund

Capital Dynamics closes $508 million clean energy fund

October 19, 2022 |

Capital Dynamics, an independent global private asset management company, has closed its latest clean energy fund with capital commitments totaling $508 million. Capital Dynamics Clean Energy Infrastructure IX (CEI IX) exceeded its $293 million target by approximately 75 per cent.

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Climate Finance for Just Transitions: Briefing

Climate Finance for Just Transitions: Briefing

September 20, 2022 | ,

This paper “Climate Finance for Just Transitions: Building Low-Carbon Development Pathways in an Age of US-China Rivalry” by the Nicholas Institute for Energy, Environment & Sustainability investigates challenges throughout the international climate finance landscape and recommends pathways for how investments into low- and middle-income countries (LMICs) can more effectively drive low-carbon development. 

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Macquarie Asset Management to sell stake in Lincs offshore wind farm

Macquarie Asset Management to sell stake in Lincs offshore wind farm

September 19, 2022 |

Macquarie Asset Management has agreed to sell a 15.5 per cent stake in the Lincs Offshore Wind Farm (Lincs) to Octopus Energy Generation funds. The asset manager held the stake through Macquarie European Infrastructure Fund V. No financial details have been disclosed. The 15.5 per cent stake is acquired by Octopus Renewables Infrastructure Trust and Sky, funds managed by Octopus Energy Generation.

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ACCIONA Energía to purchase 50 per cent stake in Blue Circle

ACCIONA Energía to purchase 50 per cent stake in Blue Circle

September 19, 2022 |

Acciona Energía, a subsidiary of Spanish infrastructure company Acciona, has agreed to purchase roughly 50 per cent of Singapore-based wind project developer the Blue Circle. In accordance with the conditions of the agreement, Acciona Energía will invest $34 million in the company and grow to be its largest shareholder.

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Indonesia Green Taxonomy 1.0: Yellow Does Not Mean Go

Indonesia Green Taxonomy 1.0: Yellow Does Not Mean Go

August 17, 2022 |

A green taxonomy is a list that classifies all business activities based on their contribution to environmental aims and thresholds. Launched in January 2022, Indonesia’s Green Taxonomy 1.0 has been designed mainly as a guidance, rather than a mandatory instrument. This, however, may expand in the future, for example, through mandatory disclosures of taxonomy-relevant investment portfolios.

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EnBW sells stake in 600 MW German solar portfolio to ALH Group

EnBW sells stake in 600 MW German solar portfolio to ALH Group

August 16, 2022 |

Energie Baden-Württemberg (EnBW), a German energy company, sold its 49.9 per cent stake in a portfolio of 597 MW solar projects to Alte Leipziger Hallesche Insurance Group (ALH Group). The solar portfolio consists of 16 solar power parks spread over several German states, including Saxony, Baden-Württemberg, Mecklenburg-Western Pomerania, Baden-Württemberg, and Rhineland-Palatinate.

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China’s new green finance guidelines have a deforestation blind spot

China’s new green finance guidelines have a deforestation blind spot

August 3, 2022 |

On 1 June, the China Banking and Insurance Regulatory Commission (CBIRC) issued a new set of green guidelines. These lay out detailed expectations for banks and insurance companies to identify, monitor, prevent and control their environmental, social and governance (ESG) risks. Policymakers in China have been showing a growing interest in green finance. Traditionally, policies in the area have mainly focused on encouraging financial flows into supporting green, non-polluting and low-carbon businesses.

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