Energy transition

The investment in ReNew Photovoltaics aims to support India’s efforts to strengthen its homegrown supply chain to meet fast-increasing solar power demand.

The organisations are hoping their joint £16m commitment will accelerate net-zero projects in local authorities in the UK.

The asset manager is providing facilities to allow the bank to increase support for SMEs and clean energy projects in the West African country.

Fund II will invest into infrastructure in sectors contributing to the energy transition and the environment, including the circular economy.

Hy2gen has raised €47m from existing shareholders in a funding round led by Hy24, through its Clean Hydrogen Infrastructure Fund.

The IB Deuda Impacto España fund has invested €11m into Fundeen, a crowdfunding platform focused on accelerating the energy transition in the country.

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

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.

A new national investment bank in the Netherlands may be able to raise over €100bn to fund major transitions in defence, energy and technology, a group of prominent Dutch business leaders say.

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.