The International Finance Corporation (IFC), part of the World Bank Group, approved up to $600 million in funding to support ENGIE Energía Perú’s push into non-conventional renewable energy. Of that, $250 million is from the IFC itself, and an additional $350 million comes from other mobilized investors. The financing structure is a Sustainability-Linked Loan (SLL), […]
The rapid global rollout of artificial intelligence (AI) data centers is set to add new pressure to the already strained copper market. A recent BloombergNEF (BNEF) report warns that: Copper supply gap could swell to 6 million tonnes by 2035 if demand keeps rising at this pace. Copper demand from AI-powered facilities will average about […]
France is weighing a bold proposal to use surplus nuclear energy in Bitcoin mining, turning unused power into millions in revenue. The five-year pilot is backed by the far-right Rassemblement National (RN) party. It would use EDF (Électricité de France)’s excess electricity during low-demand hours, with heat reuse systems warming homes and greenhouses. If approved, […]
Gevo, Inc., a renewable fuels and carbon solutions company, has reported its first-ever profitable quarter in Q2 2025, marking a major shift in its financial performance. This is all thanks to its carbon credit sales of around $22 million and other low-carbon product sales. The company posted net income of $2.1 million, a sharp turnaround […]
Fortescue, one of the world’s largest iron ore producers and a leading player in green energy, has secured a $2 billion loan from Chinese banks to accelerate its decarbonization plans. The funding is part of the company’s broader goal to achieve net-zero emissions by 2030 for its Scope 1 and Scope 2 operations. The loan […]
Amazon Web Services (AWS) has signed a power purchase agreement (PPA) with Gentari for an 80-megawatt (MW) wind energy project in Tamil Nadu, India. This agreement is part of Amazon’s broader strategy to achieve net-zero carbon emissions by 2040 and supply its operations with 100% renewable energy. Once operational in mid-2027, the wind farm could […]
As per top media reports, China’s battery leader, Contemporary Amperex Technology Co. Ltd. (CATL), has stopped operations at a key lithium mine. This move surprised commodity markets and led to a rise in lithium prices. The shutdown occurred because of an expired mining license. It also comes as Beijing tightens control over excess capacity in […]
Featured image sourced from Tesla Robotaxi Tesla has cleared a major hurdle in its push toward fully autonomous transportation. As per reports, the Texas Department of Licensing and Regulation (TDLR) has granted Tesla Robotaxi LLC a permit to operate as a transportation network company (TNC) across the state. This green light allows the electric vehicle […]
Spanish banking firm Banco Bilbao Vizcaya Argentaria, aka BBVA, has set a new pace in sustainable finance. The bank recently announced that it has mobilized €30 billion ($32.5 billion) in green and social projects in Q2 2025 — its highest quarterly result ever. This brought its total for the first half of the year to […]