MN8 Acquires Greenbacker to Create One of the Largest Clean Energy Platforms in the U.S.

Renewable energy-focused independent power producer (IPP) MN8 announced today an agreement to acquire IPP Greenbacker Renewable Energy, in a transaction that would create a combined entity ranked as one of the largest clean power platforms in the U.S., with more…

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Eurodia Raises $20 Million to Scale Up Industrial Decarbonization Solutions

Industrial technology company Eurodia Industrie announced that it has raised €18 million ($20 million) through an investment from Starquest Capital and Yotta Capital Partners, with proceeds aimed at accelerating the company’s international expansion and support the scale-up of its industrial…

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Iberdrola Acquires Finland’s Largest Electricity Distribution Company at €5 Billion Valuation

Global energy and electricity provider Iberdrola announced the acquisition of an 80% stake in Caruna, the largest electricity distribution company in Finland, in a deal valuing the company at an enterprise valuation of €5 billion. The transaction marks Iberdrola’s entry…

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Transition VC Launches $150 Million Venture Fund to Invest Across India Energy Transition Value Chain

India-based venture capital investor Transition VC announced the launch of Fund II, its second fund focused on investing in engineering-led companies across energy transition value chain and adjacent deep tech areas. Transition VC said that it is targeting INR 15…

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1.5GWh+ of BESS deals in Italy: Sonnedix, Strioga buy projects; BNZ, RWE order from Sungrow and LONGi

Activity in Italy’s grid-scale market is accelerating, with Sonnedix and the Strioga Family Foundation acquiring projects totalling over 1GWh combined, while BNZ and RWE have ordered BESS from Sungrow and LONGi respectively totalling 540MWh.

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Pictet Raises Over $250 Million for Environmental Solutions Fund

Swiss wealth and asset management firm Pictet announced that its alternative investment unit Pictet Alternative Advisors has raised $253 million at the final close of Environment Co-Investment Fund I, the company’s first dedicated environment co-investment vehicle targeting investments in companies…

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California to Limit Initial Scope 3 Reporting to Key Categories After Cost, Data Concerns

The California Air Resources Board (CARB), the regulator charged with developing and enforcing the state’s new corporate climate reporting regulations, unveiled its proposed Scope 3 approach for its upcoming emissions reporting regulations for large companies, limiting mandatory initial disclosures to…

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