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Zara founder tripled renewables investment in 2023: Spanish bn’aire and Zara founder Amancio Ortega’s investment firm Pontegadea has tripled its investments in renewables to EUR 693 mn last year, Reuters reports, citing the company’s financial statements. The investments were focused on wind, solar and other projects in Spain and France. Its ventures include minority stakes in 13 energy assets, including wind and solar farms by Spain’s energy firm Repsol and three French wind energy parks in the Montagne d’Ardéche, Taillades Sud and Champagne Picarde areas.
Green Climate Fund earmarks USD 151 mn for climate resilience in Horn of Africa: The Green Climate Fund has approved USD 151 mn in financing for the African Development Bank’s climate resilience programme in Horn of Africa, according to a statement. The program includes support for sustainable land management, green technologies, renewables, SMEs, emissions reductions, and others. The program, which aims to benefit 4.6 mn people across Djibouti, Somalia, Kenya, Ethiopia and South Sudan, will be implemented by the AfDB in Q1 2025 for over six years.
OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-
- Australia records hottest August ever with total fire bans issued: Australia has experienced its hottest August on record, with national temperatures 3°C above average. The soaring temperatures pushed authorities to issue total fire bans for greater Sydney and the Illawarra and Shoalhaven regions. (The Guardian)
