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Vestas wins Zayed Future Energy Prize, donates money to finalists
19 January 2011Danish wind turbine maker Vestas was yesterday named the third winner of the Zayed Future Energy Prize, but declined to accept the $1.5 million which comes with the award.
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Green certificate trading given green light in California
17 January 2011California's energy regulator has lifted a moratorium on utilities meeting renewable energy targets using renewable energy certificates (RECs) traded separately from the underlying power, but has maintained a tight cap on the percentage of the RECs that can be used to meet the state's Renewables Portfolio Standard (RPS).
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Forging a new path
14 January 2011South Korea is investing billions of dollars in an effort to reorientate its economy towards "green growth". Joshua Speckman reports on an experiment without precedent
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S&P to calculate green index for WWF fund
13 January 2011S&P Indices is to calculate an index tracking the performance of listed green businesses for a subsidiary of environment group WWF, the Living Planet Fund (LPF).
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Duke and Progress merger to ease financing for replacing coal
13 January 2011The merger of Duke Energy and Progress Energy will create the largest utility in the US, a super-utility that will be in a better position to finance the replacement of its ageing coal fleet than the companies could separately.
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Impax assets rise 44%, portfolios defy clean-tech stock gloom
13 January 2011Impax Asset Management reported a 44% rise in its assets under management last year to £1.8 billion ($2.8 billion), while its portfolios defied the gloom that afflicted indexes tracking clean technology and clean energy stocks. Since the end of the year, Impax's assets have risen again to £2.3 billion.
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Cat bond market tipped for $7bn in 2011
13 January 2011Insurance experts have painted a rosy picture of the catastrophe bond market, with some predicting issuances in 2011 will reach $7 billion, up from $4.8 billion last year.
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Carlyle to develop ESG metrics for private equity investments
13 January 2011Private equity giant Carlyle plans to develop a set of metrics to measure the environmental, social and governance (ESG) performance of its portfolio companies.
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Clean energy sees record $243bn investment in 2010
12 January 2011Global investment in clean energy reached a record of $243 billion in 2010, a 30% increase on 2009 levels, according to research house Bloomberg New Energy Finance (BNEF).
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Venture capitalists close record number of clean technology deals
12 January 2011Venture capital (VC) firms invested $7.8 billion in clean-tech firms in 2010, up 28% year-on-year, according to figures from the Cleantech Group. The California-based research and advisory firm tracked 715 deals last year, across North America, Europe, China and India, an annual record.