When it comes to climate change, there is a ticking time bomb on global equity that is not in plain view but could jeopardize our ability to achieve net zero goals if we continue to allow policy approaches to crowd out the social agenda, panelists warned at an international conference on the role of the financial sector in climate change-related risks.
7 Jun 2021
Sumitomo Mitsui Banking Corporation (SMBC) has closed a US$120 million financing for the Sonnedix Cox Energy Chile solar project. The project is 70% owned by global solar independent power producer (IPP) Sonnedix and 30% by renewable energy company Cox Energy America.
26 May 2021
Denmark-based Orsted, Japan Wind Development (JWD), and Eurus Energy have formed a partnership to develop offshore wind projects in Japan's Akita Prefecture. The three companies are already involved in developing two designated offshore wind sites in the same area. The consortium is prepared to participate in Japan's upcoming offshore wind auction round, which closes on May 27.
26 May 2021
French energy major Total has signed an agreement with German renewable energy developer WPD to acquire a 23% interest in Yunlin Holding, the owner of the Yunlin offshore wind farm under construction off the coast of Taiwan. The 640MW project has a 20-year guaranteed-price power purchase agreement (PPA) with state-owned Taiwan Power Company.
5 May 2021
Passively managed funds weathered the market volatility of 2020, highlighting the need for active funds to deliver better and more consistent performances in order to slow the erosion of their market share.
25 Jan 2021
The transition to new German leadership after 16 years under Chancellor Angela Merkel will not change the country's core political priorities vis-à-vis Europe. Preserving the eurozone will remain paramount, even if it means suspending Germany's traditional opposition to fiscal stimulus and deficits
20 Jan 2021
Tokyo-based Orix Corporation has agreed to acquire an 80% stake in Elawan Energy, a Madrid-based renewable energy company focused on the development and ownership of wind and solar power plants worldwide.
13 Jan 2021
South Korea's Daewoo is currently building transshipment barges that will help significantly cut shipping times for liquefied natural gas cargoes bound for Asia and Europe from the giant Yamal LNG and Arctic LNG 2 projects.
6 Jan 2021