Climate & environment

Big Solar Co-op hopes to install 100 megawatts of solar capacity on the roofs of commercial and community buildings by 2030.

The funds will be used for investments in energy storage infrastructure in southwestern Spain, in line with EIB’s action plan to support the REPowerEU initiative to improve the EU’s energy security and to reduce dependence on fossil fuel imports.

The Nigerian firm provides distributed solar power systems to off-the-grid customers and to those battling with the country’s unreliable and increasingly costly grid supply.

The bank is leaving the Net-Zero Banking Alliance, the world’s leading climate alliance of banks, pointing it disagrees with the alliance’s new, less strict course.

Multinational development banks play a growing and crucial role in unlocking investment for sustainable development in emerging markets, but private capital should step up, write ILX Management’s Manfred Schepers and Luz Martinez.

The pension fund said the partnership builds on its existing collaboration with Achmea IM and represented a step towards greater sustainability of its investments.

The London Pensions Fund Authority said it is “taking climate action” to protect its 100,000 members from the consequences of global warming.

Investor appetite for innovative climate tech trumped geopolitical uncertainties, its CEO and co-founder Jacqueline van den Ende tells Impact Investor.

The money will be used to help solve funding gaps in transformational infrastructure projects in emerging markets, such as clean and renewable energy, sustainable mobility, health, water and sanitation.

The French impact investor has made an inaugural investment Zimbabwe’s NeedEnergy to support the African smart and clean energy sector.