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Nissan launches sustainable finance framework to fund electric vehicle and sustainable technologies

Green Car Congress

Nissan Motor is launching a sustainable finance framework to help fund its next-generation electrified vehicles, batteries, environmental technologies, and new mobility services. The Nissan Sustainable Finance Framework will enable Nissan to raise funds needed to further enhance its sustainability efforts.

Financing 199
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IRENA report says tripling renewables investment required to reach 2050 climate goal

Green Car Congress

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.

Climate 349
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Arizona’s largest battery storage project clinches $513M in financing

Baua Electric

Photo: Recurrent Energy Recurrent Energy has secured $513 million in financing for Arizona’s largest standalone battery storage project. The financing includes a $249 million construction and term loan, a $163 million tax equity bridge loan, and a $101 million letter of credit facility. Get started here.

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MagREEsource secures €5M in financing; opening first pilot magnet recycling facility in Grenoble

Green Car Congress

MagREEsource, a 2020 spin-off of the CNRS-Institut Néel that is commercializing processes for recycling rare-earth magnets and then remanufacturing new magnets from the recycled powders, has secured €5 million in financing and has opened its first pilot facility in Grenoble, with a capacity of 50 tons by 2023.

Financing 243
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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

Financing 170
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Park City Transit deploying six Proterra electric buses; battery-lease financing model

Green Car Congress

Park City Transit has deployed Utah’s first zero-emission, battery-electric mass transit fleet, which will include six Proterra Catalyst FC+ buses. With its deployment of Proterra vehicles, the Park City region will become the first mountain resort community in the United States to operate a highly efficient, battery-electric transit service.

Financing 186
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Australia’s new giant Tesla Megapack battery project completes project financing

Teslarati

Australian renewable energy Edify Energy has formally announced that its high-profile 150MW / 300MWh battery storage system has completed its financing. The project will be using Tesla Megapack batteries, and it will be located in New South Wales (NSW). The largest of its kind approved in the world.