News

• IBM finds sustainability pays

  28 June 2011

  IBM's sustainability policies have achieved savings and avoided costs worth approximately $1.60 for every $1.00 spent, the company claims.

• Solar startup raises $14m in pre-IPO finance

  28 June 2011

  Enphase Energy, a Californian solar startup, has boosted its coffers by $14 million ahead of a planned $100 million initial public offering (IPO).

• £7bn windfall for UK utilities from carbon price floor

  28 June 2011

  The UK's carbon price 'top up' will encourage utilities to raise electricity prices, increasing their profits by £7 billion ($11 billion), according to a report by investment bank Credit Suisse.

• Carbon recovers, but it's 'tin-hat time' for skittish market

  27 June 2011

  Europe's carbon market has recovered from its precipitate fall on Friday – exacerbated, traders believe, by 'stop-loss' triggers being hit – but watchers expect to see more volatility, with risks of a further decline in prices.

• European debt crisis casts shadow over renewables finance

  27 June 2011

  The European debt crisis could pose problems for the US renewable energy sector, particularly if US government loan guarantees are allowed to expire, according to financing experts.

• US renewables ready for return to tax break – JP Morgan

  27 June 2011

  The renewable energy sector will not miss the US government's cash grant programme as much as industry experts think, because of the growing attractiveness of the production tax credit (PTC) for wind projects, according to one top banker.

• Kior raises $150m on lower offer price

  24 June 2011

  Texas-based biofuels company Kior raised $150 million after it dropped its initial public offering (IPO) price by nearly 30%.

• GE announces $63m in clean-tech investment

  23 June 2011

  General Electric and its venture capital partners will invest $63 million across ten home energy companies in areas such as solar and LED lighting, as part of the second phase of the technology giant's sustainable business strategy.

• Clean-tech private equity not 'overfunded' - SAM

  23 June 2011

  Zurich-based investment group SAM has challenged the idea that the clean-tech sector is overfunded, saying "many billions" of dollars of private equity capital investment is needed by 2020, in order to meet energy targets.

• 'Carnage' in European carbon market as prices fall to 15-month low

  23 June 2011

  EU carbon prices have slumped 15% in one week, as a slew of bearish news took its toll on the markets.