KGAL launches its first Impact Fund building on its long-standing renewable legacy

Carsten Haubner, Portfolio Manager of KGAL ESPF 5 explains how the new fund, focused on European greenfield renewable energy assets, will contribute to the EU Green Deal.

EU launches ‘toolbox’ of measures to tackle global energy price rise

It suggests priority should be given to rapidly mitigate the impact of price rises for vulnerable consumers and small businesses, however, the long term transition and investments in cleaner energy sources should not be disrupted

SCA lent €300m to upgrade paper mill to tear down emissions and energy use

The financing will support the upgrade of its kraftliner mill at Obbola, further enhancing production of recyclable and renewable packaging with a process known as papermaking 4.0 and helping reduce its carbon footprint

Ørsted granted €500m EU loan to support renewable energy investments

The Danish power company will use part of the loan for the Borssele 1 & 2 wind farm, which has a total capacity of 752MW

EU pulls plug on e-waste with proposal for common electronic devices charger

USB-C would become the standard port for all smartphones, tablets, cameras, headphones, portable speakers and handheld video game consoles

Dutch energy infrastructure upgrade granted €250m EU loan

TenneT Holding is building a 40-kilometre long electricity corridor that will enable the transmission of offshore wind energy to users in the Netherlands and beyond

New partnership seeks to accelerate action on climate change adaptation

The focus areas of collaboration include financing adaptation solutions, supporting knowledge, tolls and capacity-building on adaptation and sharing best practices and data

EU approves Greek measures allowing PPC rivals increased access to electricity

The announcement comes after an investigation found the power utility’s exclusive access to lignite-fired generation gave it an unfair advantage

EU adopts Green Bond framework to gear up for €250bn issuance

The framework is expected to provide investors with the confidence that the funds mobilised will be allocated to green bonds and the Commission will report on the environmental impact

‘Simpler and stricter’ EU energy labels for lighting products come into effect

Under the new A-G scale, very few products are initially able to achieve the ‘A’ and ‘B’ ratings, leaving space for more efficient products to gradually enter the market