KKR swoops on Gestamp Solar, valuing its target at $1bn
Private equity giant KKR has ramped up its exposure to renewables, with the acquisition of a majority stake in solar developer Gestamp Solar in a deal that values the company at $1 billion.
Biomass mini-bond issued
A company that installs biomass boilers has secured funding for its portfolio of projects in a deal funded by a £4.8 million ($7.5 million) bond issue.
Cleantech Syndicate and CREO merge to form $80bn alliance
CREO Networks and the Cleantech Syndicate have merged to form the CREO Syndicate, an $80 billion network of private investors and family offices.
Taking the PRI to the next level
The PRI's Fiona Reynolds has her sights set on how to move the organisation forward, including how to make sure its signatories are making good on their commitments. Peter Cripps reports
Investors managing $12trn call for long-term emissions reduction goal
Investors managing $12 trillion of assets have urged G7 finance ministers to back a long-term emissions reduction plan, to help limit the average global temperature increase to 2⁰C above pre-industrial levels.
KfW comes to market with kanga green bond
KfW has issued its first green bond in Australian dollars.
Equitix takes 80% stake in UK offshore wind transmission system
UK infrastructure investor Equitix has paid construction company Balfour Beatty £40 million ($62 million) for an 80% stake in the transmission system for the Thanet offshore windfarm.
The EIB uses credit enhancement facility in offshore wind loan
The European Investment Bank has agreed a £51 million ($78 million) loan for the world's second largest offshore wind project, using its Project Bond Credit Enhancement Facility.
AP2 divests from 20 'seriously risky' fossil-fuel companies
The SEK265 billion fund is moving its money out of 20 firms – 12 in coal and eight in oil and gas production – following what it called a "comprehensive risk analysis" of its holdings.
Biomass firm closes new projects following IPO
A renewables firm which raised £9.5 million ($15.5 million) through an IPO in July has reached financial close on two biomass boiler projects.