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SolarCity's bond to 'open the gates' for solar securitisations
15 November 2013SolarCity's $54 million bond issue will "open the gates" for other solar firms that want to tap the asset-backed security (ABS) markets, and could wipe as much as three percentage points off their borrowing costs, an analyst has claimed.
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KKR and Google join forces to invest in US solar
15 November 2013Private equity giant KKR has partnered with Google to invest in a portfolio of US solar projects, in a deal understood to be worth $400 million.
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SolarCity's $54m bond gets BBB+ preliminary rating from S&P
14 November 2013SolarCity's planned $54 million bond issue has been given a low investment-grade preliminary rating by Standard & Poor's.
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Co-op Bank to spin off £500m renewables lending portfolio
11 November 2013UK banking group the Co-operative Bank is planning to spin off its £500 million ($800 million) renewables lending portfolio through a "fund structure" which could seek a stock market listing.
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Hong Kong-listed solar firm to buy bankrupt Suntech unit for $492m
04 November 2013A Chinese solar company will pay RMB3 billion ($492 million) to acquire the insolvent manufacturing unit of solar panel giant Suntech.
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Renewables company bond issue raises three times its target
24 October 2013A UK renewable energy supplier has raised £15 million ($24 million) – three times its initial target – in an oversubscribed bond issue.
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Next-generation biofuels maker raises $52m in $110m debt round
24 October 2013A next-generation biofuels company has raised $52 million from three unidentified investors, as part of a $110 million financing round.
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Macquarie targets Japanese solar through ¥100bn joint venture
23 October 2013Macquarie Capital and Japanese construction and engineering group Maeda Corporation have launched a joint venture to invest in and raise finance for solar power projects.
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Axa sets record with euro-denominated cat bond
16 October 2013French insurance group Axa has issued the largest euro-denominated catastrophe bond to date.
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Pension funds voice frustrations over green infrastructure opportunities
16 October 2013Long-term investments in green infrastructure should be a natural choice for pension funds, but numerous barriers are preventing finance flowing at scale, a conference heard.