article thumbnail

ADB leads $135M climate financing package for VinFast e-bus fleet and EV charging network in Vietnam

Green Car Congress

The Asian Development Bank (ADB) mobilized a $135-million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.

Vietnam 195
article thumbnail

Lithium Power International to sell Australian subsidiary to Albemarle for AUD$30M

Green Car Congress

Lithium Power International Limited has entered into a binding agreement to sell its wholly-owned Australian subsidiary, Western Lithium Ltd (WLI) (100% owner of a number of tenements, including through its subsidiary, CMC Lithium Pty Ltd, in Western Australia) to Albemarle Lithium Pty Ltd (an Australian subsidiary of Albemarle Corporation).

article thumbnail

BMO exiting retail auto finance trade

Baua Electric

The Store of Montreal is exiting the retail auto finance trade, because it seems to redeploy sources to farmlands the place its “competitive positioning is strongest.” The Montreal-based lender will stop making client car loans, however proceed providing financing for sellers, BMO spokesperson Jeff Roman showed Sept.

article thumbnail

Why nighttime EV charging is incentivized while daytime is cleaner

Green Car Reports

When it comes to overall carbon emissions, EVs are cleaner than internal-combustion cars, but how much cleaner can depend on when they're charged, according to a recent Bloomberg New Energy Finance blog post. A grid more reliant on renewable energy will shrink the carbon footprint of EVs charging from it.

Cleaner 154
article thumbnail

Study confirms €1T green hydrogen potential for Africa

Green Car Congress

Africa can produce 50 million tons of green hydrogen a year by 2035, according to a new study by the European Investment Bank (EIB), International Solar Alliance and the African Union, with the support of the Government of Mauritania, HyDeal and UCLG Africa. The report was formally handed over to partners on 20 December.

Africa 481
article thumbnail

Algenol closes on additional $25M internal equity financing

Green Car Congress

Algal fuels producer Algenol has closed on a $25-million dollar investment from BioFields, a Mexican business group devoted to the development of renewable and clean energy projects. This new investment follows a previous investment of $40 million from BioFields in 2014.

Financing 150
article thumbnail

US DFC approves $150M conditional loan commitment for Balama graphite mine in Mozambique

Green Car Congress

The US Development Finance Corporation’s (DFC’s) Board of Directors approved the provision of up to $150 million in financing to Twigg Exploration and Mining—a wholly-owned subsidiary of Australia-based Syrah Resources Limited—to fund investments in the company’s graphite mining and processing operation in Balama, Mozambique.