Sustainability
Australia’s Element Zero raises $10M in seed funding led by Playground Global
Element Zero, an Australia-based green materials platform company, announced Wednesday that it has raised $10 million in seed funding led by Playground Global. The firm will use the funding to grow research and development (R&D), engineering, and project development teams and scale the development of a pilot iron plant.
BCX inks deal with MPIA to enhance voluntary renewable energy certificates market
Bursa Carbon Exchange (BCX), a wholly-owned subsidiary of Malaysian stock exchange Bursa Malaysia Berhad, has announced a strategic collaboration with the Malaysian Photovoltaic Industry Association (MPIA), marking a significant step in the enhancement of Malaysia’s voluntary renewable energy certificates (RECs) market.
Malaysia’s Gentari acquires stake in Hai Long offshore wind project in Taiwan
Malaysia-based clean energy solutions provider Gentari, through its subsidiary Gentari International Renewables Pte Ltd has added offshore wind capacity into its portfolio, following an investment into the Hai Long offshore wind project located off the Changhua coast in the Taiwan Straits.
India’s Adani Green Energy raises $1.13B to boost capacity
Adani Green Energy Ltd (AGEL), India’s largest renewable energy developer, said its shareholders will invest INR 9,350 crore ($1.13 billion) in the company to boost its capacity. The funds will be utilized for deleveraging and accelerated capital expenditure.
Malaysia’s TNB partners Sime Darby to accelerate sustainable township development in Malaysia
Malaysian utility firm Tenaga Nasional Berhad (TNB) and property developer Sime Darby Property Berhad have joined forces in a landmark collaboration aimed at expediting sustainable energy projects within Sime Darby Property’s Township developments.
Japan’s Mercuria partners Singapore’s OCBC to launch sustainability fund in Asean
Japan-based investment firm Mercuria Holdings Co., Ltd. has partnered Singapore financial services group Overseas-Chinese Banking Corporation Limited (OCBC) to launch a fund to finance sustainability projects in ASEAN.
Singapore’s Keppel Infrastructure Trust to acquire 45 percent stake in a solar portfolio from German RE firm Enpal
Keppel Infrastructure Fund Management Pte. Ltd. (KIFM), as Trustee-Manager of Keppel Infrastructure Trust (KIT) is committing up to €109m ($119.81 million) to acquire a 45 percent effective stake in German renewable energy (RE) firm Enpal B.V. (Enpal)’s solar portfolio (AssetCos) through a special purpose vehicle (SPV).
Crunchbase: global sustainability-focused funding holds up well in 2023
While 2023 has been a down year for startup investment in most industries, cleantech and sustainability-focused categories have held up comparatively well, Crunchbase said Tuesday. Per Crunchbase data, global investors have poured approximately $13.9 billion this year into companies working on everything from battery recycling to water-conserving crops.…
IFC supports new fund to address infrastructure gaps, cut carbon emissions across Asia and Africa
International Finance Corporation (IFC) is investing $50 million in equity to bolster A.P. Moller Capital's $1 billion Emerging Markets Infrastructure Fund II (EMIF II), joining forces with a consortium of global partners. The new investment will help address critical infrastructure gaps, facilitate trade, and boost access to renewable energy in Asia and…
National Bank of Cambodia partners IFC to boost green finance, support climate action
To help Cambodia address climate change impacts and create a conducive environment for the uptake of green finance, the National Bank of Cambodia (NBC) and World Bank's unit IFC signed a cooperation agreement to boost financing for climate-friendly projects, supporting the country's transition towards a green economy.
