Fund

Energy Transition

COP27 Reaches Key Deal on “Loss and Damage” Funds for Nations Vulnerable to Climate Change

Final COP27 document seen as offering tacit support for natural gas and blue hydrogen amid warnings that energy transition is falling behind Paris objectives. …

United States

U.S. Vice President Harris Announces $20 Million New Clean Energy Funding for Mekong Region

U.S Vice President Kamala Harris announced $20 million in new funding for clean energy projects in the Mekong region, during the last day of her tour of Thailan…

Offshore Wind Power

Equinor and bp Unveil $5M Offshore Wind Ecosystem Fund in New York

The two energy giants are developing the Empire Wind and Beacon Wind projects, which will generate enough renewable energy to power more than two million New Yo…

Electricity Transmission

White House Announces $13 Bln in Funding to Modernize Power Grids

The White House announced through the Department of Energy (DOE) on Friday that it is soliciting grant applications for $13 billion in new financing under the b…

Czech Republic

Czech Lawmakers Back $3.4 Billion Power Revenue Cap Plan

The Czech lower house of parliament on Friday approved a government plan to cap revenues of power firms as part of efforts to fund measures to ease the burden o…

EIB-Backed Fund Closed: €220m for Energy Efficiency BTM Projects

SSEF, an EU-focused fund backed by the EIB and advised by Solas Capital AG, has reached final close with investment commitments of €220 million ($228.4 million…

Energy Storage Project

US Long-Duration Energy Storage Demos to Receive $350M Funding

Projects that are capable of delivering electricity for 10 to 24 hours or longer will be supported.

United Kingdom

UK Unboxes £65m Clean Tech Investment at COP27

The new funding aims to make clean technologies accessible and affordable to developing countries.

Hydropower Plant

Nigeria Offers Concession on $1.3 Billion China-Funded Hydro Power Plant

Nigeria plans to grant a concession on its $1.3 billion hydropower plant now under construction and is seeking bids from private investors to operate the China-…

Energy Transition

IRENA’s Energy Transition Platform Bags $1b Investments

The platform aims to ramp up funding for renewable projects in developing countries.

India

India's First Green Bonds to Fund New Climate Finance Projects

The Indian government's first ever green bonds will focus on funding solar power projects, followed by wind and small hydro projects.

Net Zero Emission

France to Bankroll Development of Zero-Emission Ships With €300 Mln, Backed by $200 Mln From CMA CGM

France plans to assign € 300 million in public funding to help catalyze the decarbonization of its shipping sector and the development of zero-emission vessels…

Hydrogen Project

Landmark Green Hydrogen Project Launched at COP27

A green hydrogen project in Ain Sokhna Egypt has been commissioned by project owners Fertiglobe, Scatec, Orascom Construction and The Sovereign Fund of Egypt.

Nuclear Reactor

UK Announces £95m for Advanced Materials’ Research and Development

The Henry Royce Institute at the University of Manchester will use the funding to advance its research in ‘super-materials’ that are critical to sectors inclu…

Carbon Emissions

Brazil's Lula Hopes to Unite Rainforest Nations, Tap Funding at COP27

A new alliance of rainforest nations - sought by Brazil's President-elect Luiz Inácio Lula da Silva - could be key to unlocking conservation funding and bolste…