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Triodos Bank tops global table for financing of clean energy projects

Stuart Mitchell

Triodos has topped a global league table for most clean energy deals executed by a bank, after financing more than $433 million (USD) in 2020. With a total of 69 deals across Europe, Triodos took the title of ‘Most Active Lead Arranger’, incorporating traditional renewables such as onshore wind, solar and hydro, alongside EV charging, battery storage and energy efficiency projects. This is the sixth year running that Triodos Bank has topped the league table, published by independent analyst Clean Energy Pipeline, incorporating lending from Triodos Bank UK Ltd, Triodos…

Ørsted Aims for Net-Positive Biodiversity Impact From New Projects Commissioned From 2030

Stuart Mitchell

The accelerated global build-out of renewable energy which is needed to decarbonise global energy systems and stop global warming at 1.5°C must take place in balance with nature. Therefore, Ørsted sets the ambition to deliver a net-positive biodiversity impact from all new renewable energy projects that are commissioned from 2030 at the latest. A net-positive impact occurs when a project has an overall positive biodiversity impact due to active measures taken to offset potential biodiversity losses. “Over the coming decades, the deployment of renewable energy must accelerate significantly to speed…

Heritage Horizon Awards: £50million to five life-changing projects

Stuart Mitchell

The National Lottery Heritage Fund has announced the recipients of its Heritage Horizon Awards, with over £50million of funding awarded to five projects across the UK. Below is the press release on their website: From the Scottish mountains to England’s southwest coast, these big heritage ideas champion environmental, community and cultural heritage. We are proud to announce the recipients of our Heritage Horizon Awards. Over £50million of funding has been awarded to five transformational projects across the UK. When we launched the Heritage Horizon Awards in 2019, we set out…

UKRI awards £171m in UK decarbonisation to nine projects

Stuart Mitchell

UK Research and Innovation (UKRI) has announced a milestone in UK decarbonisation, with the award of £171 million funding across nine significant projects. The funding is being awarded through UKRI’s Industrial Strategy Challenge Fund (ISCF) decarbonisation of industrial clusters phase two: deployment competition. It is delivered by the Industrial Decarbonisation Challenge. Significant emissions reduction In the competition, projects were expected to be able to support delivery of significant emissions reduction in at least one UK industrial cluster by 2030. This is in line with the Department for Business, Energy and…

Wells Fargo Surpasses $10 billion in Tax-Equity Financing of Renewable Energy Projects

Stuart Mitchell

As one of the U.S.’s leading clean energy investors, Wells Fargo Renewable Energy & Environmental Finance, or REEF, provides tax-equity financing to utility-scale projects in the wind, solar, and fuel cell sectors. Launched in 2006 — and part of the company’s broader commitment to help accelerate the just transition to a lower-carbon economy — REEF has now provided more than $10 billion in tax-equity financing in support of more than 500 renewable energy projects across the company.  “Wells Fargo believes that climate change is one of the most urgent environmental and social…