Innovation – Green revenues-R&D-Capex Tag

Orsted [ORSTED:DC] and Skovgaard Energy, two Danish renewable energy companies, have signed a letter of intent to jointly develop a Power-to-X facility in western Denmark to produce green hydrogen, as reported by Reuters on December 6. The project will be built in several phases, starting...

The Indonesia Investment Authority (INA), the country's sovereign wealth fund, will set up a green electric vehicle (EV) fund worth USD2bn with Chinese battery giant Contemporary Amperex Technology (CATL) [300750:CH] and CMB International, an investment arm of China Merchants Bank (CMB) [3968:HK], as reported by...

Korea Shipbuilding & Offshore Engineering (KSOE) [009540:KS], a holding company of Hyundai Heavy Industries Group [267250:KS] in the shipbuilding sector, signed an agreement to invest USD30m in TerraPower, a US nuclear reactor designer and developer founded by Bill Gates, to develop small modular reactor (SMR)...

British oil and gas major Shell [SHEL:US], China’s state-owned refiner Sinopec [0386:HK], Chinese steel manufacturer Baowu [600019:CH], and German chemical giant BASF [BAS:GR] have signed a non-binding Memorandum of Understanding (MoU) to study the feasibility of building an open-source carbon capture, utilization, and storage (CCUS)...

Climate Investment Funds (CIF), a multilateral investor in developing countries, pledged to allocate USD1bn to help South Africa and Indonesia shift from coal to clean power, as reported by Reuters on October 27. South Africa and Indonesia can each receive USD500m in cheaper, risk-bearing capital from CIF’s...

Canada's pension fund, Caisse de dépôt et placement du Québec (CDPQ), intends to invest a total of JPY70bn (USD474m) in the Japanese renewable energy company Shizen Energy, as reported by Nikkei Asia on October 24. The investment comprises a JPY50bn (USD338.14m) co-investment framework regarding renewable energy...

The Asian Transition Finance (ATF) Study Group, a consortium of multiple private financial institutions, drew up guidelines for financing low-carbon technologies and energy transition projects in Asia to help tackle climate change, as reported by Reuters on September 26. The study group published two reports:...

Singaporean investment company Temasek Holdings [TMSK:SP] will allocate SGD5bn (USD3.64bn) to set up a green investment company called GenZero, as reported by Nikkei Asia on June 7. GenZero will help accelerate the growth of Temasek’s energy-saving and emission-reduction businesses by investing in carbon-reducing technologies as...

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