Was invited today at the Energy Governors’ meeting of the World Economic Forum by Christian Bruch, to present the perspective of the European Investment Bank (EIB) in financing the energy transtition. I insisted on the progress made on the European continent, and our achievements under #repowerEU, with over 20 billion euros per year invested by European Investment Bank (EIB) alone in Renewable Energy, Energy Efficiency and Research and Development in the field. This includes also our special effort for the European wind industry. I mentioned also areas where we need to progress further: interconnections, access to finance for non-ionvestment grade borrowers closing on PPAs, financing of innovation in grid management systems. Further, I noted the vibrant call of several participants for more European presence outside of EU borders, in particular in Central Asia, where there is a notable absence of European equity investors and project developers. This will, undoubtedly, be picked up by EIB Global | BEI Monde in the context of future financing operations.
Jean-Christophe Laloux’s Post
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CEO @ Science Card | Financing the World's Transition to Sustainability | PhD in Biomedical Engineering
Yesterday at the World Energy Congress, I had the pleasure of joining a captivating panel discussion on financing the energy transition. Led by Jim Barry, ex-CIO of BlackRock, and joined by Jon Moore (CEO of BloombergNEF), Luiz Augusto Barroso (CEO of PSR, Brazil), Obakeng Moloabi (Pele Green Energy, South Africa), Alejandra Delgado (Coxabengoa, Chile), we delved into how to finance the transition. The energy transition faces many challenges (e.g., sometimes wind farms no longer have wind due to environmental changes), and to adequately manage its risks, a very in-depth understanding of the technology is required. Consequently, one of the biggest challenges in unlocking the capital of the masses is translating sophisticated technology analyses into easily digestible investment propositions. Science Card is proud to have contributed, and the insights help shape our global ambitions to help finance a better and more sustainable future. #financing #energytransition #investments #collaboration #expertise
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At Science Card we're building a bank for a sustainable future - and addressing climate change is one of our three pillars in this goal. Yesterday's session at the 26th World Energy Congress highlighted the role that consumers play in the energy transition, not just in passive adoption of new technologies but also in the active support of early innovation in the space. As our CEO and Founder Daniel Baeriswyl, PhD says, "the energy transition faces many challenges (e.g., sometimes wind farms no longer have wind due to environmental changes), and to adequately manage its risks, a very in-depth understanding of the technology is required. Consequently, one of the biggest challenges in unlocking the capital of the masses is translating sophisticated technology analyses into easily digestible investment propositions." With the work that we're doing in bringing cutting-edge scientific research to new audiences, we're proud of the part that we - and more importantly, our customers - are able to play in this critical transition.
CEO @ Science Card | Financing the World's Transition to Sustainability | PhD in Biomedical Engineering
Yesterday at the World Energy Congress, I had the pleasure of joining a captivating panel discussion on financing the energy transition. Led by Jim Barry, ex-CIO of BlackRock, and joined by Jon Moore (CEO of BloombergNEF), Luiz Augusto Barroso (CEO of PSR, Brazil), Obakeng Moloabi (Pele Green Energy, South Africa), Alejandra Delgado (Coxabengoa, Chile), we delved into how to finance the transition. The energy transition faces many challenges (e.g., sometimes wind farms no longer have wind due to environmental changes), and to adequately manage its risks, a very in-depth understanding of the technology is required. Consequently, one of the biggest challenges in unlocking the capital of the masses is translating sophisticated technology analyses into easily digestible investment propositions. Science Card is proud to have contributed, and the insights help shape our global ambitions to help finance a better and more sustainable future. #financing #energytransition #investments #collaboration #expertise
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International Lenders The leadership of energy transition processes is based on the production of clean energy. Cabeolica is a reference in this area, through the production of wind energy, which represents around 18% of the total energy consumed in Cabo Verde. The implementation of our projects is based on the role developed by our partners. In this communication we would like to present our international lenders. First, we have the European Investment Bank, whose objective is to grant long-term credit to projects that are economically viable and contribute to the sustainable development of our region. With a strong commitment to renewable energy in order to reduce the impact of climate change, EIB supports different public-private projects in the public interest encouraging environmental protection and the security of the energy supply. At the same focus, we have the African Development Bank, a financial institution with the goal to stimulate the economic growth and social progress of its member countries. For this millennium, one of the Bank’s priorities is supporting projects that contribute to environmental sustainability and to the development of renewable energy within the African continent. #cleanenergy #renewableenergy #cabeolica #windenergy #europeaninvestmentbank #africandevelopmentbank
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The European Investment Bank (EIB) has announced approval for €4.3 billion of new financing to upgrade the region's #transport and #energy distribution, besides expanding #energystorage and accelerating investment in #climateaction. Read more @ https://lnkd.in/gn6BF7Nx #climatechange #europeanunion #europe #energytransition #cleanenergy #energysecurity
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Over the last three decades, @IFC – International Finance Corporation has invested almost $5.5 billion supporting Romania`s private sector. The private sector plays a crucial role in the shift towards environmental sustainability and the transition to a greener future, and we will support the country in the renewable energy space, the wind power value chain, and its nearshoring agenda. Hear more in my interview with @Digi24: wrld.bg/X3We50QhWjR IFC - International Finance Corporation Europe IFC Infrastructure #IFC4Romania
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In 2022, the European Investment Bank (EIB) invested 17 billion euros in #cleaninvestments globally. 👉 We spoke with Alessandro Bragonzi, EIB Head of regional representation for the #WesternBalkans about the main trends in #renewable energy investment in the region, the lessons learnt from other markets, how to ensure that the #energytransition goes hand in hand with the #energysecurity and the role of private investment in it.
Tripling regional support, mobilising investments, reskilling Europe – interview with Alessandro Bragonzi, EIB Head of regional representation for the Western Balkans
https://ceenergynews.com
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Asia is also the region that grows its renewable energy capacities fastest.
“Asia is home to more than 50 percent of the world's population, and its energy demand is growing faster than any other region. We believe South Korea has great potential for the energy transition, and Macquarie is investing heavily in the country.” At the Global Alternative Investments Insights Conference hosted by Maeil Business, Edward Northam, Head of Core Renewables and Head of Asia Pacific for MAM Green Investments, spoke to investors about the opportunities and challenges presented by the #EnergyTransition across Asia Pacific.
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On 15th April, SSFA joined the International Energy Agency (IEA) Energy Agency and the Glasgow Financial Alliance for Net Zero (GFANZ) Asia-Pacific Network to co-convene the 3rd Finance Industry Advisory Board (FIAB), as part of the FiNZ Connect Series (Monetary Authority of Singapore (MAS)) and Ecosperity Week Partner event. The hybrid meeting was attended by more than 30 Financial Institutions (i.e., FIAB Members and FIs present in the region), focusing on the importance of mobilising capital to support energy transitions in the APAC region. Participants exchanged views on recent IEA analysis and workstreams dedicated to investment issues, and also shared experiences on contributing to energy transition efforts across the region. Another key priority area for the IEA would be the setting up of the new Regional Cooperation Centre in Singapore in the second half of 2024, to serve as a hub for engagements in Southeast Asia and beyond, providing policy guidance, technical assistance, training and capacity building. Tim Gould Yuki Yasui Kavitha Menon, CFA cecilia tam Pamela Lee Ryo Yamasaki 👉 https://lnkd.in/grZNqvF3 #ssfa #singapore #sustainablefinance #sustainability #ecosperity #iea #energytransition #apac
IEA and industry groups convene energy sector finance leaders for advisory board in Singapore - News - IEA
iea.org
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Inspired Evolution Achieves Second Close of Evolution III, Its Third Energy Transition Net-Zero Climate Impact Fund Inspired Evolution, a leading Pan-African climate-centered private equity firm specializing in clean energy infrastructure and energy and resource-efficiency investments, proudly announces the second close of its Evolution III Fund as of May 31, 2024. The Evolution III Fund has garnered commitments from ten new investors, including the Mauritius Investment Corporation (MIC), which has committed up to USD 20 million. Additionally, nine investors through Align Impact, a dedicated impact advisory firm, have joined, comprising a mix of individuals, trusts, and foundations. Since 2007, Inspired Evolution has financed the development and operations of over 4 GW of renewable energy infrastructure projects and […] Read the full story here: https://lnkd.in/ggqmvVUa #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #africa #capetown #greenenergy #inspiredevolution #renewableenergy #solarenergy
Inspired Evolution Achieves Second Close of Evolution III, Its Third Energy Transition Net-Zero Climate Impact Fund
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South and Southeast Asia are home to some of the world's most dynamic economies. They have growing energy needs alongside ambitious clean energy goals. Currently, numerous barriers prevent countries from realizing the best possible scenario, where growth in energy demand is met by renewable sources. These include foreign investors' perception of risk, which raises the cost of capital. Because they operate at the nexus of public and private finance, MDBs can play a supporting role in overcoming investment hurdles and catalyzing private finance for clean energy. This can include financing projects directly, lowering risks for private investors, or helping governments build their capacity to develop policies and regulations to support the clean energy transition. Read on 👇 https://lnkd.in/en8TEX9e
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