KGAL ESPF 6, which focuses on new hydrogen infrastructure projects in Europe, is investing in Arcadia eFuels, a climate-neutral e-kerosene production facility in Denmark.
Legal & General Capital has committed a further $100m to the impact investment advisory firm which provides debt financing for sustainable infrastructure projects in the Global South.
A just-released chapter of the latest Fiscal Monitor report by the IMF stresses that most of the investment needed to finance climate change mitigation initiatives in emerging and developing countries must come from the private sector.
Launched in collaboration with its subsidiaries LBP AM and CNP Assurances, the new fund will finance European infrastructure projects aligned with the goals of the Paris Agreement on climate change.
The $122m project provides much needed green energy to Djibouti, which relies on fossil fuel imports to supply ailing power stations, and would have been near-impossible to build without using blended finance.
Husk Power Systems announced its ‘Africa Sunshot’ initiative at the Africa Climate Summit held in Nairobi. The goal is to have 2,500 net-zero mini-grids operating across the continent within five years.
CFM, a venture co-owned by FMO, has taken a 32% stake in Release, a Norwegian-owned developer of modular solar energy and battery storage solutions for mines and utilities in off-grid or poorly connected areas of Africa.
Last week’s European Sustainable Energy Week in Brussels covered everything related to renewables and efficient energy use, including the role of private capital in accelerating the transition to clean heating and cooling.
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