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Latvia, seeking energy independence, invests €1 billion in wind farms

Riga — Latvia plans to invest about €1 billion ($1 billion) in the construction of wind farms to increase power generation from renewables and strengthen energy security, Prime Minister Krisjanis Karin said on Monday. "This is a medium-term solution that will allow us to become fully independent in our energy supply and use fewer fossil resources," Karins said in Riga,
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Banking & Financial Institution a way ahead in ESG

The new Sustainable Time Deposit (TD) product, which Citi announced today, will be available to clients in the Asia Pacific region and will enable them to invest excess funds in accordance with their sustainability objectives. In order to meet the criteria of Citi's sustainable financing frameworks, the new deposit options, which are initially only offered in Singapore and
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Aviation is progressing in Sustainable Actions

Alaska Airlines recently signed its largest sustainable aviation fuel commitment to date, with biofuel firm Gevo, following the Lufthansa and shell SAF pact. With effect from 2026, Gevo will provide 37 million gallons of SAF annually for five years. As a substantial source of GHG emissions, accounting for an estimated 2 percent of worldwide GHG emissions, air travel has come
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Hospitality & Climate Action

A positive development for climate action from hospitality... Hilton's revised climate targets call for a reduction in greenhouse gas (GHG) emissions intensity of 75% in managed hotels, up from a former target of 61%, and 56% in franchised hotels by 2030. The corporation claimed that the Science Based Targets project (SBTi) has certified its revised GHG emission targets as
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Neoen Signs a 40 MW PPA with Flow Power for Goyder Wind Farm in South Australia

Neoen, one of the world’s leading producers of exclusively renewable energy, has signed a power purchase agreement with Flow Power, one of Australia’s fastest growing and most innovative electricity retailers, for 40 MW of energy from its Goyder South Stage 1 wind farm in South Australia. Goyder South Stage 1 is the first stage of Neoen’s flagship project known as Goyder
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Having actually read the draft of the Inflation Reduction Act I have the following thoughts

1) We may see a reduction in buyers for solar and wind farms. With the 15% minimum tax for corporations the tax credits are going to have a smaller market, and likely the sale price will be less than it is now. 2) Foreign buyers who only have renewables in the US (Ontario Teachers Pension Fund) may find the tax credits of little or no value, and withdraw from the US market,
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