Finance | Page 16

BlackRock Real Assets reported a $4.8 billion final close of its Global Renewable Power Fund III with commitments from more than 100 institutional investors and significantly exceeding its initial target. The fund invests in global climate infrastructure assets, primarily in renewable power generation, across the Americas, Europe, and Asia.

One year in on Goldman Sachs' plan to target $750 billion in financing, investing and advisory activity towards climate transition and inclusive growth, Chairman and CEO David M. Solomon provides an update on progress and new initiatives. Surpassing a fifth of the goal in a single year, he says, demonstrates that sustainable finance has already become a core offering from Goldman Sachs – and the demand among clients shows no signs of slowing down.

Aflac Incorporated announced March 8 that it has issued its first sustainability bond at $400 million to finance existing or future investments in environmental or social projects.

Goldman Sachs announced March 4 that it achieved a fifth of its 2030 sustainable financing goal that it set in 2020, with $156 billion completed and $93 billion of that dedicated to climate transition.

Royal Bank of Canada (RBC) announced its intent to increase its sustainable financing by $500 billion by 2025 and achieve net zero emissions in its lending by 2050.

The U.S. Department of Energy (DOE) announced on March 3 the appointment of clean energy industry pioneer Jigar Shah as Director of the Loan Program Office, which will oversee more than $40 billion in loan authority across manufacturing, innovative finance, and tribal energy projects.

The U.S. Department of Energy announced that it will give Dane County and the City of Madison, Wisconsin a nearly $1 million grant to make energy efficiency improvements at its shared facilities.

Equinix announced Feb. 25 that it priced its second green bond offering for €1.1 billion to go toward advancing its sustainability initiatives and reducing its environmental impact.

Wells Fargo Renewable Energy & Environmental Finance (REEF) announced on Feb. 25 that it has surpassed $10 billion in tax-equity investments in the wind, solar and fuel cell industries.