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€546m funding closes for former Econcern offshore wind farm
30 July 2009The Belwind offshore wind project has closed €546 million ($768 million) in financing, bringing it back from the brink after the original developer Econcern filed for bankruptcy. Construction of the 165MW first phase of the €613.9 million wind farm, located 47 kilometres off the Belgian coast, is set to begin on 1 September.
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Energy efficiency offers $680 billion boost to US economy – McKinsey
30 July 2009Energy efficiency measures could offer net savings of $680 billion to the US economy by 2020, according to a study by consultancy McKinsey & Co.
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2009 disasters hit well-insured in US and Europe
30 July 2009Natural catastrophes took far fewer lives than usual in the first half of 2009, but insured losses were above the 10-year average, according to Munich Re.
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BAE partners with Lignol on cellulosic ethanol
29 July 2009UK defence and aerospace giant BAE Systems has signed a memorandum of understanding with Canadian biorefiner Lignol Energy – including the possible financing of commercial-scale cellulosic ethanol projects.
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Asian pension funds urged to lead on ESG – ADB
23 July 2009Asia's public pension funds could "leapfrog" the West and become leaders on responsible investment, according to a report commissioned by the Asian Development Bank (ADB).
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First Wind taps $191 million financing
23 July 2009Despite tough market conditions, First Wind has announced the completion of two sizeable financing transactions.
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France should adopt carbon tax, government to be told
23 July 2009French consumers should pay a carbon tax on their fossil fuel emissions from 2010, climate and energy experts will advise the French government tomorrow.
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Chinese clean-tech fund aims to raise $350m
23 July 2009A Chinese private equity firm is hoping to raise $350 million into US dollar and yuan-denominated funds over the next two years to invest in clean energy projects and companies.
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Winners announced in annual Environmental Finance awards
23 July 2009Environmental Finance magazine has named the winners of its annual awards, which recognise leading transactions and individuals active in environmental markets.
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Panda Ethanol opts for final dissolution
22 July 2009US ethanol producer Panda Ethanol has dissolved its operations and asked a court to modify a bankruptcy petition filed previously by its subsidiary to reflect its pending liquidation.