Sign in Subscribe

Ibcentre

Ibcentre

EBRD Backs Renewable Energy in Romania and Moldova with Equity Stake in Premier Energy

EBRD Backs Renewable Energy in Romania and Moldova with Equity Stake in Premier Energy

The European Bank for Reconstruction and Development (EBRD) has invested strongly in the green energy transition in Romania and Moldova by acquiring an 11% equity stake in Premier Energy PLC during its initial public offering (IPO). This investment, amounting to RON 77 million (€15.5 million), aims to bolster renewable

Romania’s Railway Reform Authority Cancels Hydrogen-Powered Train Tender

Romania’s Railway Reform Authority Cancels Hydrogen-Powered Train Tender

European Commission Approves Up to €1.4 Billion for Fourth Hydrogen IPCEI

European Commission Approves Up to €1.4 Billion for Fourth Hydrogen IPCEI

The European Commission has approved up to €1.4 billion in public funding for the fourth Important Project of Common European Interest (IPCEI) in the hydrogen sector. The project, named IPCEI Hy2Move, aims to support research, innovation, and the first industrial deployment in the hydrogen value chain across seven member

German Cabinet Approves Carbon Capture and Storage Draft Bill

German Cabinet Approves Carbon Capture and Storage Draft Bill

Germany's cabinet approved a draft bill on Wednesday to allow carbon dioxide capture and storage (CCS) for specific industrial sectors, aiming for carbon neutrality by 2045 while sustaining heavy industries. Previously restricted, CCS technology will now be used to capture between 34 million and 73 million tons of

Clean Energy Ventures Raises $305 Million for Decarbonization Technologies

Clean Energy Ventures Raises $305 Million for Decarbonization Technologies

Clean Energy Ventures (CEV) announced on Wednesday that it has raised $305 million for its second fund, exceeding its initial $200 million target. Strong interest from limited partners, including The Grantham Foundation, Builders Vision, and Carbon Equity, underscored private market enthusiasm for decarbonization-focused companies. CEV, which closed its first fund

Global Warming Exceeds 1.5°C Threshold for 10 Months, Urging Stronger Climate Action

Global Warming Exceeds 1.5°C Threshold for 10 Months, Urging Stronger Climate Action

The climate crisis is intensifying as global temperatures have remained over 1.5°C above pre-industrial levels for ten consecutive months, surpassing a key threshold established in the 2015 Paris Agreement. According to the European Union’s earth observatory, this year-long breach was confirmed in January. The Paris Agreement aimed

EU Renewable Energy Mechanism Awards EUR 27.5 Million to Finnish Solar Projects

EU Renewable Energy Mechanism Awards EUR 27.5 Million to Finnish Solar Projects

The European Union’s renewable energy financing mechanism, RENEWFM, successfully concluded its first tender on September 27, 2023, awarding funding to eight solar photovoltaic (PV) projects in Finland, with a total capacity of 282.77 MW. Seven of these projects have since signed grant agreements with the European Climate, Infrastructure