News

• UPDATE: First Wind pulls IPO

  28 October 2010

  A day after downgrading the price of its initial public offering, Nasdaq hopeful First Wind has shelved its fundraising plans, amid concerns over the company's heavy debt burden.

• SAM founder Ringger launches sustainable bank

  28 October 2010

  Sustainable investment veteran Reto Ringger is setting up bank aimed at private investors.

• Smart grid crucial to renewables revolution – but who will pay?

  21 October 2010

  A modernisation of the electricity network will be essential if Europe's utilities are to switch to renewable power generation at the scale hoped, according to firms and investors in the smart grid space.

• Review of Equator Principles begins

  21 October 2010

  A strategic review of the Equator Principles (EPs) – a set of environmental and social criteria for responsible project finance – started this week.

• Carbon price alone cannot unlock US nuclear ambitions

  21 October 2010

  A federal carbon price would provide a major boost to the US nuclear power industry, but would not solve all its problems, experts said.

• UTC acquires Clipper in £70m deal

  21 October 2010

  Ailing US-based wind turbine maker Clipper Windpower has been snapped up by major stakeholder United Technologies Corporation (UTC), in a £70 million ($111 million) cash deal announced on Monday.

• Correction: Ex-Im set to support massive Indian coal project

  21 October 2010

  Correction: An earlier version of this news story incorrectly stated that the memorandum of understanding between Reliance and Ex-Im Bank was only signed by Ex-Im; Environmental Finance has since received confirmation the document was signed by both parties.

• Banker tips $10bn green bond market, but urges framework clarity

  21 October 2010

  The value of environmental bond issuance could reach $10 billion by the end of next year, a developer of green financial products said, but warned a clear and transparent framework is necessary to foster the growth of the asset class.

• Government regulation needed, say US sustainable business pioneers

  21 October 2010

  Progressive businesses in the US are focusing on sustainability efforts they can engage in without government direction, but their efforts can only go so far.

• £1bn GIB funding not enough: industry

  21 October 2010

  Industry and green groups have welcomed the UK government's commitment to allocate £1 billion ($1.6 billion) to create a green investment bank (GIB), but say the figure is well below what is required.