Global food prices at three-year high as heatwaves and wars push up crop costs
UN index says weather is affecting wheat yields while conflicts in Ukraine and Iran hit exports and drive up prices Business live – latest updates Global food prices have hit their highest level in three and a half years, as summer heatwaves and conflict in Ukraine and the Middle East push up crop costs. The UN Food and Agriculture Organization (FAO) index of food commodity prices rose last month…
GenZero, the Temasek-owned investment platform focused on decarbonisation, has led a pre-Series A financing round for PCG Global, a Singapore-based clean energy infrastructure platform. The investment round, though not disclosed for its exact size, aims to support the company in its mission to export China-tested renewable energy models to Southeast Asia, Oceania, and the Middle East.
PCG Global currently has approximately 1.8GW of projects in various stages of development, including distributed solar, utility-scale renewable plants, behind-the-meter storage, and smart energy management. The company's unique full-cycle model, developed based on PCG Power's China operations, covers project development, construction, operation, securitisation, and reinvestment in new infrastructure.
GenZero's investment highlights confidence in PCG Global's ability to adapt its successful Chinese model to various international markets, addressing the challenges faced by renewable energy projects in these regions. Southeast Asia, with its diverse energy market structures and growing demand for clean energy, presents both opportunities and complexities for PCG Global.
The investment round from GenZero provides strategic support for PCG Global, enabling the company to expand its operations and deliver lasting impact in the target markets.
Written by urgent.news from e27's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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