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11 nations join consortium to deploy 5GW of battery storage by 2024

11 nations join consortium to deploy 5GW of battery storage by 2024

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11 nations join consortium to deploy 5GW of battery storage by 2024

The Battery Energy Storage Systems (BESS) Consortium has been set up to ensure the BESS benefits transform energy systems across low and middle-income countries

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COP27: EU and Egypt sign agreement on renewable hydrogen

COP27: EU and Egypt sign agreement on renewable hydrogen

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COP27: EU and Egypt sign agreement on renewable hydrogen

The MoU will serve as a framework to support the development of a renewable hydrogen industry and trade across the EU and Egypt, including infrastructure and financing

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EBRD invests €50m in Turkish low carbon infrastructure

EBRD invests €50m in Turkish low carbon infrastructure

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EBRD invests €50m in Turkish low carbon infrastructure

The financing will be received by a leasing company to invest in green projects

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‘Unprecedented’ €1bn financing secured for 2.6GW of renewable energy projects

‘Unprecedented’ €1bn financing secured for 2.6GW of renewable energy projects

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‘Unprecedented’ €1bn financing secured for 2.6GW of renewable energy projects

It will consist of more than 50 projects of predominantly solar and onshore wind farms in Spain and Portugal

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Bill Gates-led fund invests in automated solar deployment platform

Bill Gates-led fund invests in automated solar deployment platform

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Bill Gates-led fund invests in automated solar deployment platform

Terabase has raised $44m in its latest funding round for its digital platform that manages the full project lifecycle of utility-scale solar, helping reduce cost and increase the scalability of plants

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New coalition announced to support sustainable blue economy financing

New coalition announced to support sustainable blue economy financing

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New coalition announced to support sustainable blue economy financing

The global practitioner’s guide aims to provide market participants with clear criteria, practices and examples of blue bond lending and issuances

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Electric Hydrogen secures $198m for fossil-free production

Electric Hydrogen secures $198m for fossil-free production

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Electric Hydrogen secures $198m for fossil-free production

The investment will support the start-up in scaling its electrolyser technology and the manufacturing and deployment of demonstration projects at a large scale for industrial customers

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Taiwanese bank pledges to phase out coal by 2035

Taiwanese bank pledges to phase out coal by 2035

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Taiwanese bank pledges to phase out coal by 2035

E.SUN FHC’s new policy addresses companies with more than 5% of their revenue from business activities in coal and unconventional oil and gas

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HSBC banks on climate transition plan to achieve net zero goal

HSBC banks on climate transition plan to achieve net zero goal

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HSBC banks on climate transition plan to achieve net zero goal

It will publish the plan next year, as well as report annually on its progress towards achieving its climate goals

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Financial services firm CIBC commits $100m for cleantech funds

Financial services firm CIBC commits $100m for cleantech funds

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Financial services firm CIBC commits $100m for cleantech funds

It follows the company’s pledge for net zero emissions in its operations and financing activities by 2050

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Bill Gates fund leads $24m investment in Electric Hydrogen

Bill Gates fund leads $24m investment in Electric Hydrogen

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Bill Gates fund leads $24m investment in Electric Hydrogen

The company, founded by a team of energy transition veterans from Tesla and First Solar, is developing large-scale hydrogen solutions to help ease global dependence on fossil fuels

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EBRD to help Kazakhstan’s power sector achieve carbon neutrality by 2060

EBRD to help Kazakhstan’s power sector achieve carbon neutrality by 2060

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EBRD to help Kazakhstan’s power sector achieve carbon neutrality by 2060

They will work together on the development of renewable energy and the carbon market, the enhancement of the electrical grid and the decommissioning of old thermal capacity, among other things

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