EF BRIEFS: Allianz, Abengoa, Foresight, SEB, Rabobank, EIB
Allianz will cut its holdings in coal-intensive companies in favour of renewable energy, in a move that is expected to affect €4 billion ($4.24 billion) of investments.
Canadian Solar unit, Recurrent, secures $260m debt financing
Recurrent Energy, a major developer of North American solar energy projects, has agreed $260 million of debt financing for its Astoria photovoltaic project in Kern County, California.
HSBC pledges $1bn to green bond market
HSBC has stepped up its commitment to the green bond market, pledging to buy $1 billion of notes.
EF BRIEFS: Downing, Lekela, Recurrent Energy, Enbridge, Climate Bonds Initiative, GRI, Global CCS Institute, IETA
London-based investment firm Downing will invest £20 million ($30 million) in biomass projects as part of a joint venture with developer Strand Energy.
Growing the corporate green bond market
The enormous potential of companies to tap the green bond market has yet to be realised. Sophie Robinson-Tillett asks why
EIB issues €400m green bond
The European Investment Bank (EIB) has issued a €400 million ($452 million) green bond.
Green bond market gets its first agricultural and forestry standards
The Climate Bonds Initiative (CBI) has released standards it hopes will bolster green bond issuance in the agricultural and forestry space.
Recurrent Energy bags $337m solar financing from consortium of banks
Canadian Solar's US subsidiary has secured a $337 million debt package for a solar project, in its second deal this week.
Canadian Solar secures a ¥3.5bn construction loan from Rabobank
Canadian Solar has secured a ¥3.5 billion ($28.3 million) construction loan from Rabobank Hong Kong.
GBPs could be expanded to cover social and sustainability bonds
The Green Bond Principles (GBPs) could be expanded to cover social and sustainability bonds under proposals published by three underwriters.