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African Renewable Energy Fund raises $100m
13 March 2014The African Renewable Energy Fund (AREF), which focuses on renewable energy projects in Sub-Saharan Africa, reached a first close yesterday, as it raised $100 million to invest in small- to medium-sized independent power producers.
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GIB and Equitix in £24.5m biomass deal with turkey farming giant
10 March 2014The UK's pioneering Green Investment Bank and fund manager Equitix are to invest £24.5 million to finance the installation of biomass boilers at UK turkey farming giant Bernard Matthews.
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UK GIB requests mandate to lend to small-scale renewables
03 March 2014The UK's £3.8 billion ($6.4 billion) Green Investment Bank has requested that its mandate be extended to allow it to lend to small-scale renewables, after the Co-operative Bank cut its support for the sector.
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Lighting and energy storage companies in line for takeovers, says VC investor
27 February 2014Most mergers and acquisitions (M&A) in the cleantech sector in coming years are likely to focus on makers of low-energy lighting and energy storage technologies, investors have been told.
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GIB and Societe Generale form £50m energy efficiency alliance
25 February 2014The UK's Green Investment Bank has formed a £50 million ($83.2 million) alliance with Societe Generale to finance energy efficiency measures.
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Charles Anderson named new head of UNEP FI
24 February 2014Former Sovereign CEO Charles Anderson has been appointed the new head of the UN Environment Programme Finance Initiative (UNEP FI).
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Lightsource buys commercial rooftop installation team
24 February 2014Solar developer Lightsource Renewable Energy has bought the UK's most experienced commercial rooftop panel installation team, as it looks to "unlock the huge potential" of the technology in the sector.
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EIB boosts size of Climate Awareness Bond to €2bn
19 February 2014The European Investment Bank has increased the size of its euro-denominated Climate Awareness Bond by a further €500 million ($ 687 million) taking its total size to €2 billion.
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Wheb fund reaches €100m first close, makes first investment
18 February 2014Wheb's third private equity fund has raised €100 million ($137 million) and made its first investment.
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ESG approach is compatible with smart beta strategies, says fund manager
17 February 2014Investors can incorporate environmental, social and governance (ESG) considerations within a 'smart beta' strategy without incurring lower returns, says AXA Investment Managers.