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Solar key to universal electricity access by 2025, says AfDB
13 July 2017Expansion of solar energy across Africa is key to the continent achieving its goal of universal access to electricity by 2025, as it is cheaper to run and takes less time to get operational than traditional sources of energy, according to the African Development Bank (AfDB).
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ERG issues €100m bond to support renewables investment
13 July 2017Italian energy utility ERG has issued a €100 million ($114 million) bond to finance investments in renewables, as well as refinance its hydroelectric plants.
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Zouk Capital invests £30m in UK battery energy storage projects
13 July 2017Private equity firm Zouk Capital will invest £30 million ($38.7 million) in developer Green Hedge Energy to fund battery energy storage projects in the UK.
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Green bond round-up, 12 July 2017
12 July 2017SNCF Reseau, the national society of French railways, has issued its third green bond, raising €750 million ($856 million).
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Aviation and Brexit threaten EU emissions target, says think tank
12 July 2017Brexit and unregulated aviation emissions could cause the EU to fall short of its 2030 commitment to reduce carbon dioxide (CO2 ) emissions by 40% from 1990 levels, says climate change think-tank Futureproof.
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Foresight launches fund that supports UK 'smart' energy meter roll-out
12 July 2017Foresight has launched a 'smart bonds' fund that aims to raise £10 million ($12.85 million) to help finance the roll-out of 'smart' utility meters in the UK.
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Greater clean energy spend required despite record year, IEA says
12 July 2017Global energy investment fell by 12% in 2016, according to the International Energy Agency (IEA), but the share of clean-energy spending reached 43% of total supply investment, a record high.
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SUSI and South Pole launch €250m Southeast Asia renewables fund
11 July 2017Swiss asset manager SUSI Partners and South Pole Group have launched a €250 million ($285 million) fund targeting renewable energy and energy efficiency projects in Southeast Asia.
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Banks pledge to help implement recommendations of TCFD
11 July 2017Eleven large banks have committed to develop practical ways of implementing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
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WWF urges adoption of TCFD advice into law
11 July 2017The recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) (LINK) should be brought into European and national law, says conservation organisation WWF.