News

• US power plants strained by heat, drought – UCS

  01 October 2012

  Power plants in the US have been strained by this summer's heat and drought, with operators having to reduce power production or shut down reactors, according to the Union of Concerned Scientists (UCS).

• Landmark Moroccan solar project nears financial close

  01 October 2012

  Financing for an estimated €750 million ($967 million) solar project in Morocco is within weeks of being finalised, with most funding likely coming from international development banks.

• Chinese environmental projects get $600m of ADB finance

  28 September 2012

  Four environmental projects in China have received a total of $600 million in lending from the Asian Development Bank (ADB), including two that are considering selling carbon credits.

• Macquarie, Barclays close second offshore wind licence

  27 September 2012

  Infrastructure investors Macquarie Capital and Barclays were behind a £110 million ($178 million) winning bid to buy the rights to operate the transmission line for the UK's 184MW Walney 2 offshore wind farm.

• Solar tax credits likely to survive next Congress, say experts

  27 September 2012

  The solar investment tax credit (ITC) is likely safe from repeal and could even be revamped to allow for a longer phase-out, according to some renewable energy experts.

• Risk management at a premium for Arctic gold rush – Verdantix

  27 September 2012

  Global warming and supportive government policies will drive a natural-resources "investment boom" in the Arctic, according to sustainability consultancy Verdantix – but it warns that an environmental disaster in the region would "crush a corporation".

• UK Green Investment Bank CEO named

  27 September 2012

  Private equity financier Shaun Kingsbury has been named as the chief executive officer of the UK Green Investment Bank (GIB).

• Climate investor groups slammed for lack of cooperation

  26 September 2012

  The organiser of an initiative to get asset owners to disclose climate risks has blasted three investor groups that have declined to collaborate with it.

• Mounting weather impacts prompt Swiss Re call for climate debate

  26 September 2012

  Swiss Re is calling for a 'rational debate' in the US on tackling climate change, as worsening storms, floods and droughts will cost the economy dearly.

• EU solar industry group files second complaint on China

  26 September 2012

  An EU solar manufacturing group has filed a complaint with the European Commission alleging that China is unfairly subsidising its solar manufacturers.