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Zurich doubles green bond commitment to $2bn
14 July 2014Zurich Insurance Group has doubled – to $2 billion – its commitment to buy green bonds, in a move that will see it expand its mandate to include issues denominated in European currencies.
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Alterra eyes C$110m loan for hydro and wind projects
11 July 2014Alterra Power of Canada said it expects to agree a loan of up to C$110 million ($103 million) in the next three months to support further equity investments in a hydroelectric project in Canada and a wind energy project in the US.
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JP Morgan and others put $400m into US wind farms
11 July 2014JP Morgan and a consortium of unnamed investors are taking a $400 million equity stake in two US wind farms.
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Seeing the green bonds for the trees
11 July 2014With the green bond market experiencing rapid growth, a new type of 'REDD+ bond' that supports sustainable forestry and agriculture has been proposed. Rupert Edwards and Gloria Gonzalez explain
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Cat bond market set for a record year, after strong Q2, says Willis
11 July 2014An unprecedented $4.5 billion of catastrophe bonds were issued in the second quarter of this year, putting the market on track for a record year, according to Willis Capital Markets & Advisory (WCMA).
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Impax buys property fund from Climate Change Capital
11 July 2014Impax Asset Management has acquired the Climate Change Property Fund and its management team for an undisclosed price, with a view to setting up a new investment vehicle.
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Nordex sells 27.5MW of onshore wind capacity to investment firm
11 July 2014German wind turbine maker Nordex has sold two French wind farms, with a combined capacity of 27.5MW, to GN Renewable Investments, based in Luxembourg. The price paid was not disclosed.
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Suzlon bondholders approve $546.9m debt restructuring
10 July 2014Indian wind turbine manufacturer Suzlon has gained approval from bondholders to restructure $546.9 million of existing bonds into convertibles.
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Capturing co-benefits
Corporate offset buyers increasingly want to create – and measure – sustainable development benefits in addition to carbon reductions.
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Senate rejects attempt to repeal Australia's carbon tax
10 July 2014Australia's senate has voted down the government's attempt to repeal the controversial Carbon Pricing Mechanism or 'carbon tax'.