Archive

  • Coal-to-biomass switch boosts profits at Drax

    29 July 2015

    Drax Group, which operates the UK's largest power station, said the conversion of two of its six boilers to burn biomass rather than coal, helped it post a profit of £53 million ($83 million) for the first six months of this year.

  • French renewables firm says green bond shows 'growing appetite' for climate investment

    29 July 2015

    Renewables firm Akuo Energy is the first French independent power producer (IPP) to issue a green bond, in a deal it says reflects a "growing appetite amongst investors to help finance the green economy".

  • Canadian Solar secures a ¥3.5bn construction loan from Rabobank

    28 July 2015

    Canadian Solar has secured a ¥3.5 billion ($28.3 million) construction loan from Rabobank Hong Kong.

  • Allcot secures exclusive sales agreement for Ferrero carbon credits

    28 July 2015

    Italian confectionery giant Ferrero has granted exclusive marketing and sales rights for its portfolio of Gold Standard carbon credits to Allcot, a project developer and carbon trading company.

  • Aviva plans £500m/year in low-carbon investments, threatens coal divestment

    28 July 2015

    UK insurer Aviva aims to invest £500 million ($780 million) in renewable energy and energy efficiency in each of the next five years.

  • TransAlta moves into solar with $75.8m renewables deal

    28 July 2015

    Canadian power generator TransAlta has diversified into solar after it bought 71MW of operational renewables assets from private equity firm Rockland Capital.

  • TerraForm Power to issue new $200m green bond

    28 July 2015

    TerraForm Power plans to issue a $200 million green bond to help finance its acquisition of assets from its parent SunEdison.

  • EU carbon market weekly update - 27 July 2015

    27 July 2015

    With EU Allowance prices at three-year highs, €8 is now likely to become a support level as auction supply diminishes in August, says Louis Redshaw.

  • Canadian property venture issues C$225m green bond for Vancouver project [UPDATED]

    27 July 2015

    A joint venture between Canadian telecommunications firm Telus and property developer Westbank has issued C$225 million of green bonds to finance a major development in downtown Vancouver.

  • 13 US corporations pledge $140bn in new investments to cut emissions

    27 July 2015

    A group of 13 major US corporations have pledged to make $140 billion of investments to reduce their carbon emissions.