Search Results for: projects

Record-breaking Green Climate Fund Board meeting approves USD 1.225 billion for new projects, reforms accreditation model and invites bids to host regional presence

Stuart Mitchell

The Green Climate Fund (GCF) Board recently approved a record volume of climate finance for developing countries, green-lighting 17 new projects for climate action around the world. The USD 1.225 billion total is the largest amount approved at a single Board meeting, during a year in which the Fund is scaling up its activities in response to the global demands for climate finance. GCF now has a portfolio of 314 projects amounting to USD 18 billion in GCF resources, USD 67 billion including co-financing.  The projects will bring urgently needed…

Waitrose backs British farmers to introduce low carbon farming projects

Stuart Mitchell

Waitrose has announced the recipients of a new £500k fund aimed at helping British farmers transition to low carbon farming methods, as part of its commitment to reach net zero across its UK farms by 2035 and the entire supply chain by 2050. The net zero farm fund will support nine innovative projects that reduce agricultural emissions and build resilience in farming. James Bailey, Managing Director, Waitrose said: “We’re really pleased to be able to support our farmers with projects that will not only help drive down real emissions but…

TotalEnergies acquires a pipeline of solar and battery projects

Stuart Mitchell

TotalEnergies announces the acquisition from Low Carbon, a leading renewable energy company, of a pipeline of 8 solar projects with a capacity of 350 MW and 2 battery storage projects with a capacity of 85 MW. As the solar projects are at an advanced stage of development, the target is that they could be operational by 2028. They will produce more than 350 GWh/year of renewable electricity, equivalent to the electricity consumption of around 100,000 UK households. “We are very pleased with the acquisition of this pipeline from the renewable…

The Crown Estate and Lendlease sign transformational partnership for six major development projects

Stuart Mitchell

The Crown Estate and Lendlease have entered into a conditional agreement to create a new joint venture partnership focused on Lendlease’s undeveloped UK land management portfolio.   The Crown Estate’s investment in the new 50/50 joint venture aligns with two of its core areas of strategic focus; supporting the development of science, innovation and technology space, and unlocking housing in the UK. The partnership should progress Lendlease’s existing masterplanning across the developments, thereby providing vital infrastructure, stimulating growth, creating jobs and benefitting communities.  About the Joint Venture  The joint venture has…

Local Climate Bond market attracts £16 million in private funding to support local authority net-zero projects

Stuart Mitchell

Two major private investors – Esmée Fairbairn Foundation (“Esmée Fairbairn”) and Unity Trust Bank (“Unity”) – have committed significant funding to scale the green municipal investment market (also known as Local Climate Bonds), opening new opportunities for local authorities to accelerate their net-zero projects. The commitments made reflect confidence in municipal investing’s ability to combine strong, predictable returns with tangible local impact. These local authority green investments deliver a scalable solution for citizen-led financing of place-based climate initiatives making a difference to cities and communities across the UK. According to…