Prysmian’s Post

Prysmian is playing a central role in delivering Europe's energy transition. The European Investment Bank shares our ongoing commitment to innovating our products and services to drive efficiency, which is key to both making the energy transition more affordable and implementing it faster, and this next step highlights how Europe is aware of the essential role our company is playing in achieving it

ENGIE Chile has mapped out an aggressive transition away from coal towards renewables, energy storage and natural gas. Our new case study looks at how the innovative finance provided by IFC - International Finance Corporation has supported ENGIE Chile’s ambitious energy transition, reinforcing the company’s social policies and processes to help ensure its transition is just and socially responsible.

Nice case study on IFC’s support to the energy transition, this time in Chile which is rapidly decommissioning coal fired power in response to the rapid expansion of renewables which IFC has been supporting for over 20yrs of hydro, wind, solar and storage.

Yesterday saw The International Energy Agency (IEA) host the 3rd Finance Industry Advisory Board at the Ecosperity Week in #Singapore, bringing together financial leaders from the Asia-Pacific to address the challenges and opportunities of funding the #energytransition. The focus was on the vital role of #transitionfinance supporting sustainability goals, phasing out fossil fuels and delivery of grid network upgrades, all essential for the development and realisation of #sustainable energy projects. This year, it was organised together with Glasgow Financial Alliance for Net Zero (GFANZ) Asia-Pacific Network and the Singapore Sustainable Finance Association (SSFA). Empati technology, provides the precise emissions tracking from energy production to consumption, achieving an accuracy of 99.7% at P90 confidence levels. This high level of accuracy is critical for developing robust carbon project finance models, which can assure investors of the viability and environmental impact of their investments. This links very well with the #IEA's initiative aims to enhance regional collaboration and secure investments for #renewableenergy and infrastructure enhancements in the #AsiaPacific. Stewart Dodd Darren Orbart Sarvapali (Gopal) Ramchurn Oliver Nunn Alana Harrison Maisie Rose Dong Huynh José Fernando Martínez Paz Tim Gould Ravi Menon Gillian Koh Tan https://lnkd.in/ejbW867S

Sustainable Finance Global: Global energy and electricity provider Iberdrola announced a €300 million (USD$328 million) ESG-linked green loan from the World Bank, through its private sector investment arm, International Finance Corporation (IFC), aimed at funding renewables projects in countries that depend coal, including Morocco, Poland and Vietnam. The new loan marks an expansion of the collaboration between Iberdrola and the World Bank launched last year to promote energy transition in emerging countries. At the time, a green loan linked to sustainability targets of $150 million was signed to finance digitalization and energy efficiency improvements in the electricity distribution networks operated by Iberdrola’s subsidiary in Brazil. #ESG #sutainability #sustainablefinance

The Energy for Peace Global Development Alliance, a collaboration between ISA, Ecopetrol, SUNCOLOMBIA, and USAID/Colombia, demonstrates the vital role blended finance can play in catalyzing private sector investment to deliver clean energy to hard-to-reach communities that are critical for peace and development. Over the next five years, the alliance is expected to provide sustainable electricity for nearly 8,000 people and six producer clusters in conflict-affected communities in Colombia, reducing greenhouse gas emissions and creating an estimated $6 million from increased sales of goods and services. For development professionals that may be interested in building on this blended finance model, this report details the innovative design process and critical components driving the model's success. https://lnkd.in/ep6-gEjQ

Global investment in energy transition grew by 17%, positive news, but way off the 170% we need. Albert Cheung, deputy CEO of BNEF sums it up: ““Energy transition investment spending grew 17% last year, but it needs to grow more than 170% if we are to get on track for net zero in the coming years. Only determined action from policymakers can unlock this kind of step-change in momentum.” #SustainableInvestment #NetZeroTransition

🚀 Exciting News in the Energy Sector! 🌏 Thrilled to announce the launch of our latest article: "Tapping into the Power of Blended Finance"! 📰✨ Inspired by insights from our Singapore roundtable, the article explores the transformative investment opportunities in Asia-Pacific for the energy transition. Did you know that Asia-Pacific accounts for over half of global power demand, yet 85% of its energy comes from fossil fuels? 🌍 Discover the role Asia-Pacific plays, the challenges, and the immense opportunities to decarbonize. Learn how blended finance - a mix of public and private sector capital - can bridge crucial gaps in energy infrastructure. 🤝💡 Join us in exploring key markets - India, Indonesia, and Australia - shaping the future of sustainable energy. Read more and be part of the change! 👉 https://lnkd.in/eFCjzfwR Richard Abadie René Paulussen Pierre Mallet #EnergyTransition #BlendedFinance #SustainableFuture #AsiaPacificEnergy

The European Investment Bank (EIB) and CaixaBank have signed a guarantee agreement that will support the Spanish bank to issue up to €150 million in new financing for renewable energy and energy efficiency projects. The financing will be directed towards projects primarily in Spain and across Europe. The agreement consists of a de-linked risk sharing operation in the form of an EIB investment of up to €150 million, which commits CaixaBank to finance projects worth this amount. Eligible projects will include renewable energy (mostly solar plants and onshore wind farms, with the option to extend to offshore), energy-efficient buildings (including affordable housing, student accommodation, elderly care centres and logistic centres) and other energy efficiency renovation activities. “This operation is in line with the EIB’s sustainable energy and natural resources public policy goal and its climate action and environmental sustainability cross-cutting objective,” the EIB said in a statement. “The transaction also contributes to the REPowerEU plan’s goal of increasing energy security and reducing EU dependence on fossil fuel imports, as well as to the European Wind Power Package, towards which the EIB has recently contributed with a €5 billion tailored initiative designed to further accelerate a just and swift transition to net zero by supporting wind energy equipment manufacturing companies.” #cleanenergy

New York Energy Week 2024: "Financing the Energy Transition: Strategic Investments for a Sustainable Future" As part of New York Energy Week 2024, a pivotal session titled "Financing the Energy Transition: Strategic Investments for a Sustainable Future" is scheduled for June 28 from 9:00 am to 9:30 am. Led by Hans-Juergen Walter, Global Leader Sustainable Finance at Deloitte, this session promises invaluable insights into the financial strategies driving the transition towards sustainable energy. In this session, attendees will have the opportunity to explore the critical role of strategic investments in accelerating the shift towards renewable energy sources and fostering sustainability within the energy sector. Hans-Jürgen Walter, a distinguished leader in sustainable finance, will share his expertise on innovative financing mechanisms, investment trends, and emerging opportunities in the rapidly evolving landscape of sustainable energy. New York Energy Week, marking its 11th year, remains a premier platform for global energy leaders, stakeholders, and innovators to convene, collaborate, and drive actionable solutions for a sustainable energy future. With its diverse lineup of panel discussions, workshops, and networking events, NYEW continues to inspire thought leadership and facilitate meaningful dialogue on the most pressing challenges and opportunities facing the energy industry today. Seize the chance to participate in this session and acquire valuable insights into the financial tactics influencing the trajectory of sustainable energy. Engage with industry leaders, share perspectives, and play a part in the collaborative endeavor towards a more robust and sustainable energy transition. https://lnkd.in/eTSthw5H