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IRENA report says tripling renewables investment required to reach 2050 climate goal

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Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). Renewable energy investment slightly declined in 2018, with modest growth through 2019.

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Haldor Topsoe signs €45M funding deal with EIB to drive green energy transition

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The EIB financing is supported under the European Fund for Strategic Investments (EFSI), the main pillar of the European Commission’s Investment Plan for Europe. In line with this goal, the company specifically focuses on R&D activities with the highest potential for reducing carbon emissions. —Roeland Baan, CEO of Haldor Topsoe.

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Green Biologics secures $76M in financing; repurposing MN ethanol plant for n-butanol and acetone

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In addition to the $42-million internal equity round, an additional $34 million in funding was raised predominantly in debt financing from Tennenbaum Capital Partners (TCP), along with equity and debt investment rolled over by existing members of Central MN Ethanol Co-op LLC (CMEC) in Central MN Renewables LLC (CMR), a US affiliate of GBL.

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SolarCity and Honda to finance $50M more in solar projects for Honda and Acura customers and dealerships

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SolarCity and Honda have renewed their partnership with a new fund expected to finance $50 million in solar projects. The $50-million fund is a follow-up to a $65-million fund the companies created in 2013. Earlier post.) MW of solar generation capacity. MW of solar generation capacity. Earlier post.)

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Global Bioenergies hits two milestones in renewable isobutene project

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Global Bioenergies has reached two milestones—the labscale performance and the industrial process scale-up—of its process to produce renewable isobutene, one of them more than 2 months in advance. The BioMA+ project is financed by the ADEME in the context of the French “Investissements d’Avenir” State program.

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Amyris secures $42.25M financing, begins Biofene production in Brazil

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Renewable chemicals and fuels company Amyris, Inc. In addition, Amyris announced its purpose-built industrial fermentation facility in Brazil has successfully begun production of Biofene, Amyris’s brand of renewable farnesene. We anticipate sales from this facility during the first quarter of 2013. has completed a $42.25

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Light bio-olefins company Global Bioenergies raises €23 million

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Global Bioenergies, an industrial biology company developing light olefin bioproduction processes ( earlier post ), closed its capital increase launched 27 June 2013, raising a final gross value of €23 million (US$30 million). The capital increase originally resulted in a total order for 1.15 The initiation of new programs.

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