Archive

Deutsche Bank's tightened fossil fuel policy judged 'unambitious'

Deutsche Bank has tightened its fossil fuel policy to include exiting from coal mining investments by 2025, strengthening its stance towards coal power and restricting oil and gas sector financing - but campaigners continued to criticise the lender for its lack of ambition.

National Grid signs $740m green loan from export agencies

National Grid has signed a green loan worth $743 million to help fund the construction of an electricity interconnector between Denmark and the UK, believed to be the first covered green loan to be signed with more than one export credit agency.

HSBC closes coal project funding loophole as pressure mounts

HSBC has closed a controversial loophole which allowed the bank to continue to fund coal projects in three countries, but campaigners continued to push for coal funding to be withdrawn altogether.

Barclays tightens climate policy amid shareholder pressure

Barclays has announced an ambition to be net-zero carbon emissions by 2050 across its lending activities, but campaigners are pushing for commitments to faster progress.

RBS targets halving emissions from financing activity by 2030

The UK's Royal Bank of Scotland Group (RBS) pledged to halve the climate activity of its financing activity by 2030 - although it admitted that it does not know how it will achieve the goal.

Solarcentury secures €55m facility to fund Spanish solar plant construction

Solar energy firm Solarcentury has secured facilities worth €54.8 million ($61.3 million) from a pair of UK banks to help fund the construction of two solar plants in Spain.

Bonds round-up: KfW, DKB, Orsted, RBS ... and more

Lloyds Bank to stop financing new coal plants

Lloyds Banking Group will not fund new coal-fired power stations or thermal coal mines, or bank new clients which derive most of their revenue from such operations, it has said.

TRIG to expand into battery storage assets with £50m share raise

The Renewables Infrastructure Group (TRIG) is looking to raise £50 million ($62.4 million) through issuing new shares as it is set to help it acquire its first battery storage asset.

EF BRIEFS: REG; Bluefield Solar; GRI

US biofuel company Renewable Energy Group (REG) has reached agreement with Wells Fargo and Fifth Third Bank to expand its line of credit to $150 million from $60 million.