“Our Green Bank Network — comprised of ten Green Bank-like entities from around the world — announced today that we surpassed our commitment goal and will collectively mobilize $50 billion into global clean energy markets by the end of the year.”
Law.com: New York Green Bank Grows as Clean Energy Funding Source
“In her State Environmental Regulation column, Charlotte Biblow discusses how the New York Green Bank has become a significant player in clean energy finance throughout the state.”
Axios: Banks’ minimalist climate commitment
“It shouldn’t be hard for a big bank to sign onto the Principles for Responsible Banking. Much like the Business Roundtable’s new Statement on the Purpose of a Corporation, it’s a grand-sounding but ultimately toothless list of high-minded ideals… Signatories commit to very little. They have 4 years to come up with a list of targets to meet, after which any given bank ‘can revise its targets at its own pace.’ Even so, only 3 of the world’s 10 biggest banks, and only 131 overall, signed the document.”
Utility Dive opinion: The energy transition: A $4.3T, underfunded opportunity
“When thinking about the capital landscape for any sector, I think about four categories: non-profits, governments (including grants), private capital and for-profit capital. Of these four categories, one is severely underfunded, and it may come as no shock to you: venture capital (VC).”
“The power system’s growing need for flexible load and customers’ rising demand for backup power are driving new partnerships between utilities and providers of customer-sited resources across the Northeast.”
Press of Atlantic City: Ørsted to deploy record size turbines in Atlantic City offshore wind farm
“The 1,100 megawatt Ocean Wind offshore wind farm to be built off the coast here will deploy a new generation 12 megawatt turbine that will be the largest and most powerful in the world, according to the developer of the project.”