At least two firms — Generate Capital and KKR — have recently raised 10-figure funds that they will now deploy into clean energy and other sustainable projects, with the money coming from a wide range of institutional, family office and high-net-worth investors. Is it a sign of a renaissance in interest for cleantech projects? Some industry observers are cautiously optimistic.
Meanwhile, oil and gas companies continue to slowly become a bit more green. BP released a plan to become net-zero by 2050, and to take other steps such as monitoring and reducing its methane emissions and increasing its investments into non-oil and gas related projects; the announcement garnered some positive headlines, though some critics say the plan is too little, too late and lacks any real strategy to get to net-zero.