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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

EU Clears Net Zero Industry Act to Boost Clean Tech Production

EU Clears Net Zero Industry Act to Boost Clean Tech Production

Europe has approved the Net Zero Industry Act (NZIA) to counter the US Inflation Reduction Act and China's clean tech dominance. Pending signatures from the presidents of the European Parliament and the European Council, the law is expected to take effect in June or early July. The NZIA

Nofar Energy Begins Construction of 26 MW Solar Park in Serbia

Nofar Energy Begins Construction of 26 MW Solar Park in Serbia

Hunan Rich Photovoltaic to Invest €300M in Serbian Solar Panel Factory and Power Plant

Hunan Rich Photovoltaic to Invest €300M in Serbian Solar Panel Factory and Power Plant

Hunan Rich Photovoltaic Science and Technology is set to invest over €300 million in Serbia, developing a 1 GW solar panel factory in Paraćin and a 200 MW solar power plant. The agreements, signed with Serbia’s Minister of Mining and Energy, Dubravka Đedović Handanović, also include a €2 billion

Jadranski Naftovod to Launch First Solar Power Plant by March 2025

Jadranski Naftovod to Launch First Solar Power Plant by March 2025