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ABB bets on solar
11 July 2013ABB's recent $1 billion swoop on solar inverter maker Power-One came after several of its rivals exited the volatile sector. ABB's Maxine Ghavi tells Elza Holmstedt Pell why the engineering giant is bucking the trend by expanding its solar business
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EIB should be lender of last resort for offshore wind, claims banker
11 July 2013Commercial banks are increasingly willing to finance offshore wind farms, meaning the European Investment Bank (EIB) should step back and take a less prominent role in lending to projects, a leading banker in the sector has claimed.
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Global benchmark performs better without fossil fuel stocks, claims asset manager
11 July 2013Eliminating the fossil fuel stocks from a global benchmark index and replacing them with environmentally friendly alternatives would have had a positive effect on return over the past seven years, an asset manager has claimed.
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BASF calls for standardised environmental accounting methodology
10 July 2013Chemicals giant BASF has thrown its weight behind calls for a standardised methodology for companies to develop environmental profit and loss (EP&L) accounts, Environmental Finance has learned.
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Making clean-tech pay
10 July 2013Times are tough for clean-tech investors, but Chrysalix can claim to be outshining many of its rivals. The venture capital firm's head Wal van Lierop talks to Felicity Carus
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UK opens wheat-fuelled biorefinery, ahead of EU vote
10 July 2013The UK's largest biorefinery, officially opened on Tuesday, will produce 420 million litres of bioethanol – a third of the country's current need – when operating at full capacity, the owners said.
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Investor consortium signs $260m US wind farm deal
10 July 2013Owners of a US wind project have secured $260 million of financing from a consortium of investors.
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AfDB plans $500m green bond issue by end October
10 July 2013The African Development Bank (AfDB) plans to issue a $500 million green bond in September or October, Environmental Finance can reveal.
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Solar lease funds reach record high in Q2
09 July 2013Third-party finance companies raised a record $1.33 billion for residential and commercial solar projects in the second quarter of this year, double the amount raised in the previous three months, a US consultancy said.
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Just one CCS project bids in round two of NER300
08 July 2013Only one carbon capture and storage project has applied for funding in the second round of the EU's NER300 programme, highlighting the need for the region to adopt other support mechanisms for the technology, according to experts.