Advancing Sustainability: Key Updates in Renewable Energy and Climate Tech
Key Ideas
  • Microsoft secures 389MW of solar power in Illinois and Texas through VPPAs, boosting clean energy and local economies.
  • EBRD invests $40M in Moroccan green bond for railway electrification, supporting sustainability and capital markets.
  • Junction Growth raises €115M to accelerate climate tech innovation in Europe, backing SMEs for energy transition.
  • Hysata and ACWA Power partner to expand green hydrogen in Saudi Arabia, advancing Vision 2030 goals with high-efficiency electrolyser technology.
In recent developments, Microsoft has secured 389MW of solar power in Illinois and Texas through virtual power purchase agreements (VPPAs) with EDP Renewables, aiding their commitment to clean energy. This move not only boosts clean energy but also contributes to local economies and job creation. The European Bank for Reconstruction and Development (EBRD) has invested $40M in a Moroccan green bond issued by ONCF to support railway electrification and energy efficiency, aligning with sustainability goals and strengthening the partnership between EBRD and ONCF. Junction Growth has raised €115M to support climate tech scaleups and SMEs in Europe, promoting energy transition and sustainable innovation. Additionally, Hysata and ACWA Power have partnered to expand green hydrogen in Saudi Arabia, deploying high-efficiency electrolyser technology to advance the country's Vision 2030 goal of becoming a global leader in green hydrogen. These initiatives highlight the ongoing efforts to advance sustainability, renewable energy, and climate tech innovation.
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