Foresight Group is planning to raise £200m (€235m) on the London Stock Exchange for a new company that will invest in UK forestry assets. The infrastructure and private equity manager is proposing an initial public offering and plans to sell up to 200m new shares in Foresight Sustainable Forestry Company, a newly created investment trust […]
Siemens Gamesa and GRI Renewables Industries will invest more than 260 million pounds ($360.70 million) into offshore wind manufacturing facilities in northeast England, the British government said on Monday. Siemens Gamesa will invest a total of 186 million pounds to expand its blade manufacturing site located near Hull – Britain’s largest offshore wind manufacturing facility […]
The Scottish National Investment Bank has committed £50 million over five years to new woodland and forestry management in Scotland. As a cornerstone investor of the Gresham House Forest Growth & Sustainability Fund, the bank will use its capital to support wide-scale planting and is predicted to capture 1.2 million tonnes of CO2 over 20 […]
Investors poured more money than ever into renewable energy in the first half of the year, but the pace is far from enough to sufficiently curb increasing carbon emissions. As much as $174 billion was spent on solar, offshore wind and other green technologies and companies in the period, according to data from BloombergNEF. While […]
ERA is investing $4.7 million (€4 million) to support the development of a $28.6 million biofuel facility in Lethbridge, Alberta. The facility will eventually produce an estimated 70 million litres of high-value renewable fuel once fully operational in the autumn. The plant, which is owned by Canary Biofuels, will be the first of its kind […]
The Polish Energy Regulatory Office has awarded Ocean Winds, a 50-50 joint venture between EDP Renewables and ENGIE, with a Contract for Difference (CfD) for its 369.5 MW B&C-Wind offshore wind farm. The project has secured the CfD at a strike price of PLN 319.60 per MWh (EUR 71.0/MWh). The offshore wind farm site is […]
APG wants to grow its investments in forestry and agricultural land from a current €1.8bn to between €3bn and €5bn in the next few years. To be able to find sufficient investments to meet this goal, the €573bn pension asset manager has doubled the size of its investment team for the asset class, according to […]
The company behind a new high-rise apartment building in Seattle hopes to prove that constructing a net-zero energy building can be faster and more affordable than traditional building. The building is going up with new technology that makes construction faster, more affordable, and far more sustainable, building technology company Sustainable Living Innovations (SLI) says. SLI is calling […]
While it has been a tumultuous past year with the COVID-19 pandemic, the transformation of the marine fuels market continued at pace. The International Maritime Organisation’s (IMO) decarbonisation targets of a 50% reduction in emissions from 2008 levels by 2050, and a minimum reduction in carbon intensity per transport usage of 40% by 2030, compared […]
Earth Week has come and gone, leaving behind an ankle-deep and green-tinted drift of reports, press releases, and earnest promises from C.E.O.s and premiers alike that they are planning to become part of the solution. There were contingent signs of real possibility—if some of the heads of state whom John Kerry called on to make […]