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Siemens Gamesa inks medical research supporting bank guarantee
19 May 2020Wind turbine maker Siemens Gamesa signed an innovative €600 million bank guarantee line to cover the component construction for the world's largest offshore wind farm, with the premium on the deal used to finance a cancer research project.
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Cubico agrees first green loan for Italian wind assets
22 October 2019Renewables firm Cubico Sustainable Investments has achieved financial close on its first green loan for the refinancing of three wind assets in Italy.
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One-third of banking sector signs Principles for Responsible Banking
23 September 2019A set of principles designed to hardwire sustainability into the global banking industry has been formally launched with the backing of more than 130 banks – which together represent one-third of the global banking sector's assets.
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Setting the benchmark for sustainable banking
18 September 2019The Principles for Responsible Banking are due to be launched this month. Could they be a game-changer for the sector, Michael Hurley asks
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Moody's upsizes its 2019 green bond prediction to more than $200bn
08 August 2019Moody's predicts green bond issuance to exceed $200 billion this year, following a record-breaking second quarter and first half of the year. It had earlier predicted the market to hit $200 billion in 2019.
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UNEP FI & EBF to form working group on taxonomy guidelines for banks
17 July 2019The UN's Environment Programme Finance Initiative (UNEP FI) and the European Banking Federation are looking to form a working group to set voluntary guidelines for banks, based on the EU taxonomy of climate-related activities.
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Cofco signs $2.1bn sustainability loan in first for China
17 July 2019Cofco International has agreed a $2.1 billion sustainability-linked loan with a consortium of 20 banks, in what is believed to be the first such deal by a China-based company.
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Green and sustainability loans: the growth accelerates
01 July 2019The green and sustainability-linked loan market grew exponentially last year. The next growth spurt could be driven by emerging markets, Michael Hurley writes
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Green Bonds round-up, 26 June
26 June 2019BBVA issued its first green bond, also for €1 billion, in May 2018. Since then it has issued two much smaller bonds, in September 2018 and February 2019.
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Green bond round-up: BNP Paribas; NYSERDA; Nigerian first; Konan Ultra Power
06 March 2019BNP Paribas has returned to the green bond market, with a €750 million ($850 million) transaction.