Finance | Page 19

Volvo Trucks North America announced Oct. 19 that it received an award of $21.7 million in grants from the U.S. EPA and South Coast Air Quality Management District (AQMD) to deploy 70 electric trucks in Southern California for regional freight distribution and drayage.

ING announced Oct. 8 that it reduced its link to emissions from the power industry by reducing funding to coal-fired power plants by 22% in 2019 while increasing renewable energy financing.

Arkema announced Oct. 7 that it placed its first-ever Green Bond that will finance its new world-scale plant in Singapore.

Green bond issuance in the first nine months of 2020 increased 12% based on the same period in 2019, causing the market to pass its milestone of $1 trillion issued since the market first emerged in 2007.

Fifth Third Bancorp announced Sept. 23 their new target of achieving $8 billion in sustainable financing by 2025.

Aligned, a data center provider based in Arizona, announced Sept. 16 that they completed a $1 billion senior secured credit facility, the first U.S. data center sustainability-linked financing.

It's the weekend! Kick back and catch up with these must-read articles from around the web.

Organizations working to design a renewable energy strategy and achieve corporate sustainability goals are faced with several options with varying degrees of effort, impact, and cost. In this white paper from Enel Green Power, you’ll learn more about the four paths to renewables and what the key considerations are for engaging in a virtual power purchase agreement.

The Capers Company announced Aug. 18 that they are borrowing $519,020 in Commercial Property-Assessed Clean Energy (C-PACE) financing to construct a 212 kW rooftop solar installation on a daycare building they own in Philadelphia, representing the first use of C-PACE financing for renewable energy in Pennsylvania. 

Google parent company Alphabet announced Aug. 3 that they have issued $5.75 billion in sustainability bonds, the largest by any company ever, that will fund projects in energy efficiency, clean energy, green buildings, clean transportation, circular economy, affordable housing and racial equity.