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New York-based alternative investment firm Stonepeak announced that it acquired a 46.3% stake in a U.S. solar and storage portfolio from Spanish energy company Respol for $340 million. The portfolio include 777 MW of operating solar and storage facilities in New Mexico and Texas, and the transaction values the portfolio at approximately $795 million, including $60 million in previously raised tax equity. Anthony Borreca, Senior Managing Director at Stonepeak, said, “This investment represents another important step in delivering much-needed cost effective and sustainable electricity to our domestic power grid at a time when communities need it most. Repsol is an…

Urban climate finance must scale to $4.5T annually by 2030 — MDBs signal deeper support via concessional funds, subnational lending, and risk mitigation tools. Cities demand direct funding and strategic integration — Mayors call for urban climate priorities in MDBs’ strategies and stronger collaboration across governance levels. Public investment remains short — Current urban climate finance covers just 23% of the $800B annual target, exposing an urgent gap for MDBs and private capital to fill. Multilateral Development Banks (MDBs) are advancing efforts to scale up urban climate finance, signaling increased commitment to cities on the frontlines of the climate crisis.…

(Bloomberg) – Oil rose as the potential for the U.S. to curtail Iranian flows added to a rebound driven by broader markets. West Texas Intermediate advanced about 2% to settle near $64 a barrel, recouping most of the previous day’s losses, which were driven by U.S. President Donald Trump’s public rebuke of the Federal Reserve.  Also supporting prices, Trump said he and Israeli Prime Minister Benjamin Netanyahu spoke on Tuesday and are aligned on trade and their approach to Iran. That came after the US announced sanctions against Iranian national and liquefied petroleum gas magnate Seyed Asadoollah Emamjomeh and his corporate…

BW Energy has made its final investment decision (FID) for the Golfinho Boost project, aiming to increase uptime, reduce operating expenses and add approximately 3,000 barrels per day of incremental oil production from 2027 at the Golfinho field offshore Brazil.   The project includes multiple measures aimed at boosting production efficiency and increasing recoverable reserves by approximately 12 million barrels. The measures include upgrades to the subsea boosting system by replacing gas lift with Electrical Submersible Pumps (ESPs) at the seabed, reopening of shut-in wells, umbilicals replacement, improved field logistics and FPSO capacity enhancements. The total investment budget is USD 107…

Green bond issuance supports environmental and social infrastructure investments in Finland. Fixed 4.00% annual interest and 5-year maturity offers predictable yield in volatile markets. Part of MuniFin’s EUR 50B debt programme, reinforcing its role in sustainable capital markets. Municipality Finance Plc (MuniFin) has issued a NOK 2 billion green bond, maturing on 19 August 2030 with a fixed annual interest rate of 4.00%, as part of its EUR 50 billion Medium Term Note (MTN) programme. The proceeds will finance sustainable infrastructure, including public transport, energy-efficient buildings, and social services facilities. “MuniFin builds a better and more sustainable future with its…

82% of tax executives anticipate increased public tax disclosure requirements within three years. 86% report progress toward “Tax Administration 3.0,” though confidence in AI benefits is waning. Sustainability has surged in importance, now a top-three priority with mounting carbon compliance costs. As global tax regimes shift under pressure from rising regulatory demands and digital disruption, tax leaders are intensifying focus on transparency, digital readiness, and sustainability strategy—according to Deloitte’s 2025 Global Tax Policy Survey. Deloitte surveyed over 1,100 senior tax and finance professionals across 28 countries. The findings show companies are simultaneously navigating both stability in longstanding reporting demands and…

Indian Oil plans to make an equity investment of ₹1,086 crore to add 4.3 GW of green energy capacity. The company’s board approved a proposed equity investment of ₹1,086 crore in subsidiary Terra Clean Ltd. for setting up 4.3 GW of renewable energy capacity, Indian Oil said in a public filing on Wednesday. This is on top of the already public plan of an equity investment of ₹1,304 crore in Terra Clean for setting up 1 GW of renewable capacity.Indian Oil Corp reported a profit of ₹7,265 crore in the fourth quarter, a 50 per cent rise from a year…

Nearly half of supply chain leaders say they plan to pass new tariff costs directly to customers, according to a new Gartner survey. The second most popular strategy? Making changes within their supply chains. The survey polled 126 supply chain leaders between March 17 and April 7, with most respondents coming from companies that earn over $1 billion a year. What’s Related“Supply chain leaders have many potential levers to pull from in mitigating new costs related to tariffs,” said Vicky Forman, Senior Director Analyst at Gartner. “While supply chain leaders have multiple initiatives underway to potentially lessen the impacts, many…

London-based sustainable infrastructure investment firm Pioneer Point Partners announced that it has raised over €1.1 billion (USD$1.2 billion) for its second sustainable institutional fund, Pioneer Infrastructure Partners II. The firm noted strong demand for the sustainable infrastructure-focused fund, with fundraising reached only twelve months following launch, and significantly exceeding its initial €800 million target. The fund is classified as Article 9 under the EU’s SFDR regulation. Launched in 2008, Pioneer focuses on the energy transition and environment sectors across Western Europe, targeting the lower mid-market, value-add segment. Investors in the fund included public and private pension funds, insurance companies, asset…

Kering commits to achieving a Net Water-Positive impact across its value chain by 2050, with tangible outcomes in key hotspots by 2035. The luxury group introduces three strategic programs to improve water quality, quantity, and access—starting with a dedicated Water Resilience Lab in Tuscany. Kering shifts from reduction to regeneration, aligning water stewardship with climate and biodiversity goals through a holistic Climate-Nature-Water approach. Kering has launched its first-ever Water-Positive Strategy, committing to a Net Water-Positive Impact by 2050 and targeting measurable water improvements in 10 high-risk basins by 2035. The strategy marks a major shift in the luxury fashion industry,…