News

• Shell, Cosan launch $12bn ethanol venture

  07 June 2011

  Shell has combined forces with Brazilian ethanol company Cosan and launched a $12 billion joint venture, named Raizen, in one of the biggest biofuel deals to date.

• Terra-Gen raises $631m for US's largest wind farm

  07 June 2011

  Renewable energy developer Terra-Gen Power has raised $631 million financing for the largest wind farm in the US.

• KKR blows into French wind

  07 June 2011

  Kohlberg Kravis Roberts & Co (KKR) has formed a joint venture with an Italian developer to tap the French wind market, in the private equity giant's first European renewables investment.

• Tesla raises $211m follow-on funding

  07 June 2011

  Less than a year after debuting on the Nasdaq, electric vehicle manufacturer Tesla Motors raised more than $211 million in a combined public offering and private placement.

• Connecticut to set up green bank?

  06 June 2011

  Stymied so far at the US federal level, green bank supporters appear close to winning legislative support for the first such state-level institution in Connecticut.

• Localised demand, new funding mechanisms to drive urban climate funding – report

  05 June 2011

  Mobilising finance for climate change adaptation in cities will only be delivered via a localised, 'bottom-up' approach to investment and the creation of new funding mechanisms, according to a local government association report.

• UK ecosystem valuation study gets mixed reception

  02 June 2011

  A pioneering report that attempts to put a value on the health, social and economic benefits that the UK derives from its natural environment has been welcomed by the government and environmental groups, but criticised by farmers.

• Revival on cards for US clean home retrofit bonds?

  02 June 2011

  Supporters of innovative energy efficiency and renewables bond programmes in the US believe they have a good chance of gaining legislative protection, despite a tight-fisted Congress.

• Climate change threatens city business, World Bank eases green city finance

  02 June 2011

  Nearly 80% of the world's major cities say that climate change could threaten successful business operation in their city, while more than half have a plan for improving resilience to climate change, a report by the Carbon Disclosure Project (CDP) has found.

• Renewable chemicals firm files for $125 million IPO

  02 June 2011

  A firm developing renewable substitutes for petroleum-based chemicals plans to raise $125 million in an initial public offering (IPO) on Nasdaq.