ESG
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BlackRock has been removed from a list of companies subject to divestment for “boycotting energy companies”, after the asset management firm exited climate-focused investment initiatives and revised its energy investment policies, according to Texas Comptroller Glenn Hegar. In 2022, the list emerged amidst an anti-ESG drive in Republican-led states, gaining traction since President Trump’s election,…
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UK-based renewable energy firm Low Carbon has announced the completion of a sale involving a portfolio of eight solar projects with a total capacity of 350 MW, as well as two co-located battery storage assets with a capacity of 85 MW, to the French energy conglomerate TotalEnergies. These projects are in advanced development stages and…
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The US Department of Energy has announced the termination of $3.7 billion in grants allocated to clean energy projects during the Biden administration. These grants, awarded through the Office of Clean Energy Demonstrations (OCED), were reviewed and deemed economically unviable by the current administration. In total, the DOE has cancelled 24 grants. The department noted…
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A groundbreaking 40-hectare low-carbon greenhouse complex is set to open in Essex by 2027, representing a significant advancement in sustainable food production for the UK. Supported by waste management firm [Indaver](https://esgnews.com/europes-largest-low-carbon-greenhouse-breaks-ground-in-essex/), the Rivenhall site will become Europe’s largest facility of its kind. The innovative project will utilise heat generated from incinerated household waste to cultivate…
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Google and agricultural technology solutions provider Arable have announced a collaboration focused on water replenishment, with Google committing to finance projects to implement Arable’s efficient irrigation technology for farmers in North and South Carolina. The companies report that Google intends to invest over $4 million to utilise Arable’s technology across 20,000 acres, aiming to save…
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Sustainable aviation fuel (SAF) provider SkyNRG has announced a new investment round, raising up to €300 million (£260 million), with the funds directed at expanding its platform through new SAF production facilities in Europe and the United States. The funding round includes an investment of up to €250 million from global pension asset manager APG…
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Budget proposals and tax reform push raise alarm across clean-energy sector, with project pipelines and factory investments at risk.
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Vienna-based integrated chemicals, fuels and energy company OMV has announced its decision to invest “a mid-three-digit million-euro sum” in constructing a 140 MW green hydrogen electrolysis facility in Lower Austria. The company states that this green hydrogen plant will be one of Europe’s largest, providing its nearby Schwechat refinery with green hydrogen and reducing CO2…
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Gresham House has successfully closed its largest-ever forestry fund, raising £375 million ($500 million) for Forest Fund VI, with significant investment from major institutional backers, including UK local government pension schemes and an investor from Japan. This remarkable fundraising effort underscores the growing momentum and interest in the forestry sector. The fund aims to invest…
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French renewable energy company Solveo Energies has successfully secured €98 million in a recent financing round. The funds are intended to expedite the development of wind and solar projects, contributing to France’s goals for carbon neutrality. Established in 2008, Solveo collaborates with local resources and partners to develop, finance, build, and operate renewable energy initiatives.…