Empire Wind 1 will power 500,000 New York homes and is expected to reach its commercial operation date in 2027. The expected total capital investments, including fees for the use of the South Brooklyn Marine Terminal (SBMT), are approximately USD 5 billion including the effect of expected future tax credits (ITCs). Jens Økland, acting executive […]

Capricorn’s Technology Impact Fund II led the $135 million corporate equity round. Fervo is excited to welcome new investment and continued support from a suite of high-caliber investors, including Breakthrough Energy Ventures, CalSTRS, Congruent Ventures, CPP Investments, DCVC, Devon Energy, Galvanize Climate Solutions, Liberty Mutual Investments, Mercuria, and Sabanci Climate Ventures. “The demand for 24/7 […]

Investors are showing renewed interest in the multifamily market, driven by pent-up demand, interest rate stability and normalizing apartment supply trends. This improved sentiment could prove to be a catalyst for sales activity in the multifamily market as a wave of loans mature in the coming two years, according to Gray Capital’s 2025 multifamily forecast. […]

Mumbai: Tata Sons has directed the management of all group companies, especially new businesses such as Tata Digital, Tata Electronics and Air India, to independently manage their debts and liabilities, discontinuing the practice of providing letters of comfort and cross-default clauses to lenders, officials aware of the development told ET.All future capital allocation into these […]

Kenya’s Hydrobox has secured $9 million in debt financing from FMO, the Dutch entrepreneurial development bank Kenya’s Hydrobox has secured $9 million in debt financing from FMO, the Dutch entrepreneurial development bank, to further its mission to revolutionize rural electrification. This funding will empower Hydrobox to expand its hydro-powered mini-grid projects, making clean and affordable […]

U.S. Treasury Secretary Janet Yellen‘s strategy of relying heavily on short-term debt financing could create significant market turbulence as President-elect Donald Trump prepares to take office, according to financial experts and market data. What Happened: Charles Gasparino, New York Post columnist, warned that Yellen’s approach of rolling over short-term debt instead of issuing longer-dated bonds […]

Wipro, a leading technology services and consulting company, has announced a collaboration with NVIDIA to help healthcare companies accelerate adoption of generative artificial intelligence (gen AI) through AI-driven strategies, products, and services. Wipro will leverage NVIDIA AI Enterprise software for the production of AI across its current portfolio of healthcare solutions in Affordable Care Act […]

Businesses in 2025 are facing a challenging landscape, with the need to navigate various risks and uncertainties. The Centre for the Promotion of Private Enterprises has highlighted the importance of prioritizing technology, backward integration, and reducing debt financing to ensure business resilience in the upcoming year. Muda Yusuf, Director and CEO of the Centre for […]

Global law firm White & Case LLP has advised Rohlik Group on a guaranteed loan of up to €90 million from the European Investment Bank (EIB) as part of its ‘Scale-Up’ initiative, which aims to support rapidly growing technology startups in Europe. The loan is intended to fund projects related to the development and implementation […]

Equinor ASA has announced a final investment decision on Empire Wind 1 and financial close for $3 billion in debt financing for the under-construction project offshore Long Island, expected to power 500,000 New York homes. The Norwegian majority state-owned energy major said in a statement it intends to farm down ownership “to further enhance value […]