Scottish and Southern Electricity Networks (SSEN) Distribution has upgraded its Revolving Credit Facility (RCF) to align it with the company’s Environmental Action Plan and broader sustainability ambitions.
The UK and US hosted financiers and philanthropists in Windsor yesterday as richer countries aim to show that they are keeping up with climate finance pledges.
BP has detailed in a strategy update that the oil and gas giant will invest up to £54 billion ($65 billion) in its transition growth engines (TGEs) but has reduced its emissions reduction target by 2030 due to continued investment in oil and gas.
So Energy has revealed it is no longer exploring additional funding options, citing a fall in future wholesale prices, continued governmental support and ESB backing as a means of becoming more financially sound moving into 2023.
SSE Energy Solutions has agreed to sell a 25% minority stake in its electricity transmission network business, SSEN Transmission, to Ontario Teachers’ Pension Plan Board for £1.465 billion.
A rise in the cost of energy has had a severe impact on the transition of small and medium enterprises (SMEs) in their pursuits of lowering carbon emissions and adopting green technologies.
Global climate tech accelerator and regranter Subak has launched a £20 million fundraise to expand its data-led climate centres to eight across six continents by 2025.
Danish electric vehicle (EV) charging firm Monta has closed an additional £26 million (€30 million) as part of a Series A+ round to accelerate the rollout of EV charging infrastructure.
Clean private investment is required to increase by over £140 billion over the next five years if the UK is to reach its net zero targets, states the New Economics Foundation (NEF).