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Greenko to list on AIM
01 November 2007Indian clean energy firm Greenko Group is planning to list on the London Stock Exchange's Alternative Investment Market (AIM).
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E.on acquires Airtricity North America
01 November 2007E.ON is to buy renewable energy firm Airtricity's North American business for $1.4 billion, subject to closing adjustments.
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REEX closes first deal
01 November 2007The Renewable Energy Exchange (REEX), a Singapore-based boutique investment bank, has closed its first financing, raising $25 million for PowerSource Energy Services. The hybrid debt–equity deal involves an unidentified investor taking a 45% stake in the Philippines-based clean energy firm.
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Greentech Energy Systems raises Dkr1,140m
01 November 2007Danish wind energy company Greentech Energy Systems has raised Dkr1,140 million ($221 million) in a share offer on the Stockholm-based OMX. The money will be used to develop its pipeline of wind energy projects.
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PGGM issues emerging markets ESG mandate
01 November 2007Giant Dutch pension fund PGGM has issued an emerging markets equities mandate with a core focus on environmental, social and governance (ESG) issues.
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UK switches to per-flight aviation tax
01 November 2007The UK government has announced that it will scrap the air passenger duty paid by every traveller, in favour of a per-aircraft flight tax.
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China sets out renewables spend
01 October 2007A leading Chinese energy planner announced last month that the country will achieve its ambitious renewable energy targets through $2 trillion yuan ($266 billion) in investment by 2020. While much of the money will come from industry, analysts say it is a sign China is getting serious about its energy goals.
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Merrill Lynch unveils environmental framework
01 October 2007Merrill Lynch has become the latest US investment bank to unveil an environmental strategy. However, unlike several of its peers, it has eschewed environmental investment targets, and campaign group Rainforest Action Network (RAN) has dismissed its Environmental Sustainability Framework as 'business as usual'.
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US state wins vehicle emissions battle
01 October 2007Car manufacturers in the US are facing renewed pressure to reduce the greenhouse gas emissions (GHGs) from the vehicles they produce.
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CCFE launches cat futures
01 October 2007The Chicago Climate Futures Exchange (CCFE) has listed futures linked to natural catastrophe events, similar in principle to the contracts launched by the New York Mercantile Exchange and the Chicago Mercantile Exchange (see Environmental Finance, March 2007, page 12).