News

• FTSE launches first fossil fuel-free index, BlackRock investment product to follow

  29 April 2014

  Index provider FTSE has developed the first index family that excludes fossil fuel-based companies, as 'stranded assets' fears gain momentum among investors.

• Stranded assets could cost $28trn, warns Kepler

  28 April 2014

  The fossil-fuel industry risks losing $28 trillion in revenues if policies are brought in to avoid catastrophic climate change, Kepler Cheuvreux has claimed.

• Siemens moves to stop Alstom's renewables going to GE

  28 April 2014

  Siemens is seeking to acquire the renewables portfolio of struggling energy firm Alstom, in a last minute bid to counter a proposed takeover by US giant General Electric.

• GE makes move into Indian solar market

  25 April 2014

  GE has made its first move into solar generation in India, teaming up with developer Welspun Renewables on a 151MW project this week – one of the largest solar developments in the world, it claims.

• Google agrees its largest renewables deal

  25 April 2014

  Google has agreed its largest ever purchase of renewable energy, buying up to 407MW of wind power from MidAmerican Energy Holdings.

• Renewable Funding secures $20m for US expansion

  25 April 2014

  Renewable Funding, a US clean energy finance company, has secured $20 million in equity funding to expand its US activities.

• Novozymes sees 34% increase in enzyme sales to bioenergy industry

  24 April 2014

  Novozymes said its sales of enzymes to the bioenergy industry increased by 34% last quarter compared with the same period last year, pointing to growing customer enthusiasm for the technology.

• Citi beats climate change finance target, plans new goal

  24 April 2014

  US bank Citi claims to have directed $53.9 billion to activities that mitigate climate change between 2007 and the end of last year. This means it is three years ahead of its self-imposed target of $50 billion over ten years. It is now developing a new target to spur further environmental financing, the bank said.

• UK renewables support plans get mixed reception

  24 April 2014

  New subsidy proposals for major UK renewable energy projects have pleased some developers, but upset others.

• SDCL attracts Chinese partner for UK-China energy efficiency fund

  24 April 2014

  Sustainable Development Capital LLC (SDCL) has signed a partnership agreement with Avic International, a large diversified Chinese industrial company, to develop energy efficiency projects in China and the UK.