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Gevo closes $68M Green Bond to finance RNG project

Green Car Congress

has closed a $68,155,000 “Green Bond” private activity bonds offering to finance the construction of its renewable natural gas (RNG) project in Northwest Iowa. The feedstock for the RNG Project will be supplied by three dairy farms located in Northwest Iowa totaling more than 20,000 milking cows. Gevo received approximately $9.3

Financing 334
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Mazda2 Hybrid to be introduced in Europe; OEM model supplied by Toyota

Green Car Congress

The Mazda2 Hybrid will be an OEM model supplied by Toyota Motor Europe, a wholly owned subsidiary of Toyota Motor Corporation, and will be added to the Mazda2 lineup in Europe and sold as Mazda's own brand vehicle. Mazda Motor Corporation will introduce the Mazda2 Hybrid in Europe from the spring of 2022.

Europe 395
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Germany and Australia to establish alliance on green hydrogen supply chain

Green Car Congress

German Federal Minister of Economics Peter Altmaier and Federal Minister of Research Anja Karliczek, together with their Australian counterpart, Energy Minister Angus Taylor, have signed a letter of intent to establish a “Germany Australia Hydrogen Accord” to facilitate a green hydrogen supply chain between the countries.

Australia 334
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Tesla China has extended zero-interest financing for Model 3/Y

Teslarati

Tesla has once again extended a promotion in China for zero-interest financing, following multiple extensions since the benefit first launched earlier this year. Tesla is currently offering the zero-interest financing on all Model 3 and Y trims with the exception of the performance variants. million deliveries to match its 2023 totals.

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Volvo Cars successfully places first green bond, raises €500M

Green Car Congress

The proceeds of the bond will be used to fund the design, development and manufacturing of fully electric cars in line with the company’s recently established Green Finance Framework. A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects.

Volvo 514
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Electreon to supply Israel’s 4th largest bus operator with wireless charging infrastructure; simultaneous charging of 30 buses

Green Car Congress

The support of the Ministry of Transportation is important especially since the ministry is the entity that finances the public transportation activity in Israel, and the entity that approved the use of Electreon’s wireless charging.

Israel 355
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MagREEsource secures €5M in financing; opening first pilot magnet recycling facility in Grenoble

Green Car Congress

MagREEsource, a 2020 spin-off of the CNRS-Institut Néel that is commercializing processes for recycling rare-earth magnets and then remanufacturing new magnets from the recycled powders, has secured €5 million in financing and has opened its first pilot facility in Grenoble, with a capacity of 50 tons by 2023.

Financing 243