My debt is green
PLUS: Google signs wind PPA, CIM Group raises $417mm for RNG, DT Midstream expands, LEGO makes net zero pledge
Apex Clean Energy and Google collaborate on a power purchase agreement for Timbermill Wind in North Carolina.
Timbermill Wind will have a capacity of 189 MW and support Google's 24/7 carbon-free energy goal.
The power purchase agreement will contribute to Google's clean energy needs for its data centers on the PJM grid.
Google has matched its annual electricity consumption with 100% renewable energy since 2017.
Apex's Timbermill Wind project addresses challenges of advancing wind power in a challenging grid region.
The collaboration aligns with Google's goal for its data centers to run on clean electricity every hour of every day.
Timbermill Wind offers environmental benefits and around $190,000 for conservation efforts.
CIM Group created Terreva Renewables, a renewable natural gas (RNG) portfolio company, one year ago.
Terreva Renewables acquired 100% of RNG development platform from MAS CanAm, LLC.
CIM Group has achieved significant growth and secured $417 million in new investment for the RNG platform.
Terreva has constructed and operates multiple RNG facilities, meeting the rising demand for RNG in decarbonization across transport, utilities, and industry.
Terreva completed its first RNG facility in Appleton, Wisconsin, with additional operations in Pennsylvania, Illinois, and Virginia.
These facilities convert landfill methane gas into RNG, primarily used for large vehicle fleets.
Terreva's operations are estimated to reduce carbon emissions equivalent to taking 21,600 cars off the road annually or displacing over 11.2 million gallons of gasoline.
CIM Group observes strong regulatory and market support for RNG in transportation and thermal sectors.
Terreva has contracts with natural gas utilities and engages with transportation-related customers, investment-grade utilities, and institutional offtakers.
Terreva's growth strategy involves partnering with landfill owners, developing new RNG facilities, and selectively acquiring RNG projects.
Experienced management team from former MAS Energy executives leads the effort, making key hires to support growth.
Sempra Infrastructure partners with Japanese consortium (Tokyo Gas, Osaka Gas, Toho Gas, Mitsubishi Corporation) for carbon-neutral gas production and LNG supply chain.
Proposed project aims to produce e-natural gas from renewable hydrogen and carbon dioxide in the U.S. Gulf Coast.
Project could establish first international supply chain of liquefied e-natural gas.
Consortium includes leading Japanese gas utilities and Mitsubishi Corporation, conducting preliminary feasibility work since 2022.
Sempra Infrastructure's involvement supports global energy transition through liquified e-natural gas market.
Project envisions using existing natural gas infrastructure and distribution systems for carbon-neutral fuel delivery.
Anticipated annual production of 130,000 tonnes of e-natural gas, liquified at Cameron LNG terminal and exported to Japan as e-methane.
Green hydrogen production and e-natural gas facilities included in the project plans.
Aligns with U.S. Department of Energy and Japan's Ministry of Economy, Trade and Industry's goals for carbon capture and utilization.
Success depends on commercial agreements, permits, financing, and final investment decision.
DT Midstream, Inc. (NYSE: DTM) completes Phase 1 of LEAP expansion ahead of schedule.
Capacity increased from 1.0 Bcf/d to 1.3 Bcf/d.
Original Q4 2023 in-service date achieved on budget.
LEAP's phase 2 and phase 3 expansions to be operational by Q1 2024 and Q3 2024 respectively.
Total LEAP capacity to reach 1.9 Bcf/d, expandable to 3 Bcf/d in the future.
LEAP connects Haynesville production to growing Gulf Coast markets.
Anticipated 8+ Bcf/d growth in domestic and international LNG markets by 2030.
Customers on LEAP gain access to existing and upcoming LNG terminals like Sabine Pass, Cameron, Calcasieu Pass, Plaquemines, and Golden Pass.
Interconnections established with Creole Trail, Cameron Interstate Pipeline, Texas Eastern, and Transco.
David Slater, President and CEO, highlights LEAP's role in providing wellhead-to-water access for LNG markets amid energy security concerns.
Mizuho Financial Group, Inc. issued a green bond for EUR 750 million
The new medium-term business plan starting from FY2023 focuses on personal well-being and achieving a sustainable society and economy.
The plan uses backcasting to set a 10-year vision, with climate change response being a key theme under Sustainability & Innovation.
Mizuho aims to contribute to a low-carbon society by supporting economic transformation, next-gen technologies, and providing necessary financing.
Sustainable finance target is increased to JPY 100 trillion, including JPY 50 trillion for environment and climate change-related finance.
The green bond is part of these efforts, attracting environmentally-conscious investors' interest.
The bond framework aligns with the International Capital Market Association's Green Bond Principles 2021 and is certified by Sustainalytics.
Funds from the green bond will be channeled to subsidiary Mizuho Bank, Ltd. for eco-friendly projects, especially renewable energy.
Mizuho focuses on realizing a sustainable society through finance, solutions, and leveraging knowledge beyond financial aspects.
Streamline Innovations, leader in emissions solutions, increases Green Loan commitment from Riverstone Credit Partners to support growth.
Additional funding to expand lease fleet of VALKYRIE® hydrogen sulfide (H2S) treatment plants.
Expansion focuses on Oil and Gas, Renewable Natural Gas (RNG), and Carbon Capture Utilization & Storage (CCUS) markets.
VALKYRIE technology converts toxic H2S into elemental sulfur, environmentally friendly and reusable.
New VALKYRIE ECO and VALKYRIE ECO FLEX solutions cater to agricultural biogas (RNG) and Landfill Gas (LFG) producers.
Solutions handle variable gas flow rates, aiding in upgrading biogas to pipeline quality RNG.
Previous ESG rating recognized Term Loan as a Green Loan, aligned with LSTA Green Loan Principles.
Streamline's solutions support industry movement towards sustainability and cleaner future.
Funding expansion validates environmentally friendly technology and potential across multiple markets.
Over 40 H2S treating units already deployed, strong growth achieved.
Investment supports Streamline's commitment to delivering environmental sustainability benefits to customers.
Pledge: The LEGO Group pledges to achieve net-zero greenhouse gas (GHG) emissions by 2050.
Scope 1, 2, and 3 emissions will be covered by the net-zero target.
Scope 1 emissions are direct emissions from owned or controlled sources.
Scope 2 emissions are indirect emissions from purchased energy.
Scope 3 emissions are all other indirect emissions, such as those from the transportation of goods or the use of sold products.
Timeline: The LEGO Group will work with the Science Based Targets initiative (SBTi) to develop the net-zero target over the next two years.
Investments: The LEGO Group plans to triple its investment in environmental sustainability over the next three years, spending more than $1.4 billion on sustainability-related activities.
Designing buildings and sites to be carbon neutral run.
Increasing capacity and production of renewable energy at its sites.
Taking CO2 emissions into account across all business decisions.
Joining forces with suppliers to collectively reduce environmental impact.
Exploring compensation actions, such as supporting carbon capture programmes.
Scaling up a mass balance approach to reduce reliance on fossil fuels as a raw material.
Goal: The LEGO Group's goal is to measurably reduce its carbon emissions and take steps across all areas of its business to reduce its environmental impact.
What'd ya think of today's email?
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.