News

• 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".

• Wind hedging product aims to ease financing

  20 May 2011

  A weather risk tool has been launched to help ease the financial pressure facing wind project developers by allowing them to hedge wind variability risk.

• Nominations open for 2011 Environmental Finance awards

  19 May 2011

  Environmental Finance and Carbon Finance are seeking nominations for this year's awards, including new categories for green bonds and sustainable forestry.

• 2013: the tipping point for sustainability spending?

  19 May 2011

  Spending by large businesses on sustainability initiatives such as energy efficiency and clean-tech innovation could double in the next two years, according to analysis firm Verdantix.

• EBRD launches third environmental bond

  19 May 2011

  The European Bank for Reconstruction and Development (EBRD) has launched its third environmental sustainability bond, bringing its total issuance since December 2010 to €29 million ($41.4 million).

• Europe's weather threatens power, wheat price hikes – Deutsche Bank

  18 May 2011

  Continuing dry and warm weather in Europe could have "far-reaching impacts" on Europe's energy markets and, alongside drought in China, could push wheat prices higher, says Deutsche Bank.

• Solazyme ups IPO target to $184m

  18 May 2011

  Californian algae biofuels company Solazyme is hoping to raise $184 million in its initial public offering, nearly double the firm's original target.

• UK aims to halve emissions by 2025

  17 May 2011

  The UK government is proposing an ambitious and legally binding carbon target which could pave the way for emission reductions of "at least" 80% by 2050, and will continue to push the EU for deeper emission targets.