Green Markets - January 21, 2025

Jan 21, 2025

Green Markets is a daily series dedicated to highlighting events of interest that could impact investments within environmental markets.

The EU is considering scaling back its Corporate Sustainability Reporting Directive (CSRD) following pressure from France and Germany, which argue the regulations harm competitiveness. France's proposal may align CSRD's scope with the narrower Corporate Sustainability Due Diligence Directive, reducing the number of affected companies from 50,000 to 7,000. The European Commission is expected to finalize its stance on these changes by late February 2025.

Fertiglobe plans to invest over $1 billion in a blue ammonia facility in the UAE, contingent on securing buyer commitments from Asia, particularly Japan and South Korea, which are subsidizing imports of cleaner energy. The project would upgrade the Ta’ziz facility in Ruwais, set to begin production in 2027, to incorporate advanced carbon-capture technology for near-total CO2 reduction.

Quinbrook Infrastructure Partners has secured A$722 million ($451 million) in debt financing for the first two stages of the Supernode battery project in Queensland, Australia. With an initial capacity of 520 MW and plans to expand to 760 MW in a third phase, the Supernode is one of Australia's largest battery storage projects.
Convergent Energy and Power has secured a $584.5 million guaranteed loan from the U.S. Department of Energy (DOE) to develop solar photovoltaic (PV) and battery storage systems in Puerto Rico. The project includes a 100 MW solar PV system with a 55 MW/55 MWh battery in Coamo, along with standalone battery systems in Caguas, Peñuelas, and Ponce.

President Donald Trump has issued an executive order to restart reviews for new LNG export projects, ending a yearlong pause imposed by the Biden administration. The order directs the Energy Department to expedite LNG project reviews. This move follows the Biden administration's suspension of LNG export approvals in early 2024 to assess environmental and economic impacts.

Related Stock List(s): LNG Stocks

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