Michael Hurley

Renewables investment firm Cubico appoints chief executive

Cubico Sustainable Investments has appointed Stephen Riley as its chief executive. Riley had since January been a non-executive director at the company.

NRG yieldco sell-off 'unlikely' to spark bidding war

A bidding war is unlikely in NRG Energy's sale of up to 100% of its stake in yieldco NRG Yield, even if strong interest exists, a financial analyst has said.

Nine UK pension funds to adopt much of EAPF's responsible investment strategy

A newly created pool of ten UK Local Government Pension Scheme Funds, with total assets of £27.5 billion ($35.9 billion), will extend much of the Environment Agency Pension Fund's (EAPF) responsible investment strategy across its funds.

Oversubscribed Greencoat Renewables IPO raises €270m

Investment company Greencoat Renewables has raised €270 million from its initial public offering, a result of "heavy demand" for its shares.

UK Environment Agency pension fund points to longer term success after annual underperformance

The UK Environment Agency Pension Fund's (EAPF) multi-asset 'active' fund last year underperformed its benchmarks by 1.6 percentage points, but it pointed to its longer term outperformance as evidence of the success of its strategy.

BlackRock UK renewables fund passes £1bn in commitments

BlackRock has raised an additional £475 million ($618 million) for its Renewable Income UK (RIUK) fund, increasing total commitments to £1.1 billion.

European energy efficient mortgage trial to sign up additional banks

The Energy efficient Mortgages Action Plan (EeMAP) is to recruit additional banks to its trial aiming to develop a standardised mortgage product for use across Europe.

VCS proposes introduction of hydropower sustainability assessment

US-based voluntary carbon standard developer Verified Carbon Standard (VCS) is considering introducing a specific sustainability assessment for all hydropower projects.

People Moves: AXA IM, Solactive, REG, Boralex

Solar key to universal electricity access by 2025, says AfDB

Expansion 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).