Spanish electric utility Iberdrola has issued €850 million (US$932 million) in green bonds to investors, to support the development of new renewable projects around the world.
Financial institutions have moved too slowly in increasing financing for renewables to help meet global 2050 commitments on net zero, said US environmental organisation Sierra Club.
Solar PV will play a more important role in Nigeria’s power supply as it plans to meet the growing needs of all sectors of its economy through renewables.
German rooftop solar installer Enpal has closed its Series D funding round with €215 million (US$230 million) in funding from a group of investors led by TPG Rise Climate, the dedicated climate-investing subsidiary of TPG Rise.