News

  • EU urged to target 45% renewables by 2030

    26 May 2011

    The European Renewable Energy Council (EREC) has called for the EU to set a legally binding renewable energy target of 45% by 2030, saying it is necessary to fight climate change and give investors long-term predictability.

  • Nuclear meltdown and revolution boost renewables – E&Y

    26 May 2011

    Japan's nuclear disaster and political unrest in the Middle East and North Africa have spurred momentum in the global renewables sector, but declining incentives and access to finance remain obstacles to growth, according to Ernst & Young.

  • IFC and World Bank launch green bonds

    24 May 2011

    The International Finance Corporation (IFC) has issued its third green bond, raising $135 million.

  • Bioenergy sustainability indicators agreed by international body

    24 May 2011

    Leading countries have agreed a set of sustainability indicators to inform the production and use of bioenergy, meeting repeated requests from the G8 for such guidelines.

  • ADB seeds up to $700m of clean-tech venture funds

    24 May 2011

    The Asian Development Bank (ADB) is to pump $60 million into three clean-tech venture capital funds focused on China and India.

  • OTC weather risk market grows 30% to $2.4bn

    23 May 2011

    The value of the global weather risk market reached $11.8 billion in the last 12 months, with geographic expansion helping to boost the over-the counter (OTC) market nearly 30%, an industry survey has found.

  • UK's green investment bank to start lending next year

    23 May 2011

    The UK's Green Investment Bank (GIB) will start lending in April next year, with a possible early emphasis on offshore wind, waste and energy efficiency, and with a legislative footing, Deputy Prime Minister Nick Clegg said today.

  • SolarReserve bags $737m guarantee as programme runs out of cash

    23 May 2011

    US developer SolarReserve has been awarded a $737 million loan guarantee from the US government for a 100MW concentrated solar power plant in Nevada.

  • Toshiba to buy Landis+Gyr for $2.3bn

    20 May 2011

    Smart metering company Landis+Gyr will be bought by electronics giant Toshiba in a $2.3 billion cash deal announced on Thursday.

  • Gamesa launches €50 million corporate venture capital fund

    20 May 2011

    Spanish wind energy giant Gamesa is to ring-fence €50 million ($71 million) for a corporate venture capital (VC) fund to invest in "new renewable technologies".