In-Brief
ECB imposes €7.6m penalty on Crédit Agricole for insufficient climate risk assessments
The bank says the penalty – linked to a temporary infringement – does not reflect its climate commitments
Stafford launches new renewable infrastructure strategy
The integration of a dedicated team, led by Angelo Prete, is the latest in Stafford Capital Partners’ push into infrastructure investing
UK announces largest ever solar energy procurement
Prices for both solar and onshore wind are over 50% lower than gas. The auction is expected to unlock £5bn in investment
Impax converts sustainable infrastructure fund to ETF
The new ETF, the company’s first in the category, is listed on the New York Stock Exchange
Octopus Energy enters China with energy trading joint venture
Bitong Energy – a JV between Octopus and PCG Power – will aim to generate £50m in profits by 2030
‘Landmark moment’: Australian renewable energy supply reaches record high
In a first, renewables accounted for over half of energy supply for the quarter. Prices over the same period fell by 44%
‘Important and public signal’: Asset owners urge managers to back NZAM
A coalition of 42 asset owners have backed NZAM’s commitment statement, calling on asset managers to follow suit
Norges Bank announces 18% annual return from renewable infrastructure
Unlisted renewable infrastructure accounts of 0.4% of NBIM’s holdings. In recent months, NBIM has signalled its intent to diversify its exposure