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Iberdrola Expands Nordic Grid Strategy With $5.8 Billion Acquisition of Finland's Largest Power Network

Iberdrola Expands Nordic Grid Strategy With $5.8B Acquisition of Finland’s Largest Power Network

July 24, 2026 No Comments

BILBAO, Spain — Spanish energy company Iberdrola has agreed to acquire an 80% stake in Caruna, Finland’s largest electricity distribution company, in a transaction valuing the business at approximately $5.8 billion, including debt. The acquisition marks one of the company’s largest recent investments in regulated electricity networks as utilities across

China Sets Binding Target to Boost Wind and Solar Generation 53% by 2030

July 24, 2026 No Comments

Beijing’s first binding renewable generation goal shifts the focus from building clean energy capacity to delivering more renewable electricity—and strengthening the grid’s ability to rely on it. China has announced a legally binding national target to increase electricity generation from wind and solar by 53% by 2030, marking the country’s

SDG News Partner For The Goals: Matt Evans

July 21, 2026 No Comments

Matt Evans, Chairman and Co-Founder, UpEnergy As carbon markets enter a defining period of scrutiny and reform, Matt Evans, Chairman and Co-Founder of UpEnergy, is helping shape how climate finance is measured, deployed and trusted. Through a career spanning climate finance, clean energy and international development, Evans has focused on

Asia’s Oil Reserves Face a Prolonged Test as Maritime Risks Persist

July 21, 2026 No Comments

Strategic assessment: Emergency oil stockpiles have helped several Asian economies manage disruptions associated with the Iran war. Continued risks to shipping through the Strait of Hormuz and the Red Sea are raising questions about how long those reserves may be required and how governments would respond to further interruptions. The

Masdar Bets $6.1 Billion That Solar Can Power the Grid Around the Clock

July 21, 2026 No Comments

The Abu Dhabi project will pair 5.2GW of solar with 19GWh of battery storage in an ambitious effort to deliver 1GW of continuous renewable electricity. ABU DHABI — Masdar has reached financial close on a $6.1 billion solar and battery storage project in Abu Dhabi designed to deliver renewable electricity

EU Approves France’s €63 Billion Offshore Wind Plan in Major Boost to Europe’s Clean Energy Transition

July 14, 2026 No Comments

BRUSSELS — The European Commission has approved a landmark €63 billion (approximately US$74 billion) French state aid program to accelerate the development of offshore wind energy, clearing the way for one of Europe’s largest renewable energy investments and reinforcing the EU’s drive toward energy security, industrial competitiveness and net-zero emissions.

UN Prepares $100 Million Emergency Response as El Niño Threatens Millions Across the Developing World

July 14, 2026 No Comments

New forecasts warn the climate pattern could intensify humanitarian crises already fueled by conflict, displacement and funding shortfalls. The United Nations is preparing to mobilize up to $100 million in emergency funding as forecasters warn that a new El Niño weather pattern could trigger widespread droughts, flooding and extreme heat

Europe Draws a Climate Red Line as World Bank Retreat Sparks Battle Over the Future of Development Finance

July 7, 2026 No Comments

European Investment Bank reaffirms climate leadership after World Bank abandons financing target, exposing widening divisions across the multilateral system The world’s largest multilateral development banks are entering a defining moment over climate finance. Just days after the World Bank announced it was abandoning its long-standing target that 45 percent of

Bank of England Warns Climate Change Is Now a Direct Threat to Financial Stability

July 7, 2026 No Comments

New assessment signals that climate risk has shifted from a long-term environmental concern to an immediate financial and economic challenge The Bank of England has issued one of its clearest warnings yet that climate change now poses an increasingly immediate threat to financial stability, cautioning that banks, insurers and investors

Trump’s Clean Energy Tax Credit Rollback Sparks Last-Minute Investment Rush

July 6, 2026 No Comments

Developers race to lock in federal incentives as renewable energy enters a more expensive era driven by AI-powered electricity demand The scramble is on. Across the United States, renewable energy developers have spent recent weeks rushing to qualify projects before the expiration of federal clean energy tax credits, setting off