News

• Amundi/EDF fund secures €500m in equity finance

  04 July 2018

  Amundi Energy Transition (AET), a 60:40 joint venture between French asset manager Amundi and utility EDF, has raised more than €500 million ($582 million) in equity capital to finance energy efficiency projects across France.

• TPI plans new index to accelerate low-carbon transition

  03 July 2018

  The Transition Pathway Initiative (TPI) – an asset-owner led initiative backed by more than $9.3 trillion in assets – plans to create a new, global, low-carbon equity index.

• Federated Investors takes majority stake in Hermes

  03 July 2018

  Federated Investors, a US investment manager, has purchased a 60% stake in Hermes Investment Management from the BT Pension Scheme for a total consideration of £259.9 million ($341.5 million).

• Dalmore Capital and pension fund invest £700m in wind farms

  03 July 2018

  The Pensions Infrastructure Platform, in partnership with Dalmore Capital, has paid £701 million ($925) to EDF Renewables for a 49% stake in a portfolio of 24 UK wind farms.

• EU carbon update, 02 July 2018

  02 July 2018

  In the absence of a sell-off trigger, the direction of EU Allowances (EUAs) this week is likely to be determined largely by moves in the wider energy complex, says Louis Redshaw.

• Zurich eyes infrastructure for its $5bn impact investment strategy

  02 July 2018

  Zurich Insurance's impact investment strategy is about to trial new ground. The insurer said last week that it would explore the potential of infrastructure investments as part of its $5 billion impact commitment.

• Swiss Re sets thermal coal re/insurance threshold

  02 July 2018

  Swiss Re will, from today, no longer provide re/insurance services to businesses with more than 30% exposure to thermal coal. The group already applies the same 30% threshold to the asset side of its balance sheet.

• Avangrid negotiates sustainability-linked credit facility

  02 July 2018

  Avangrid, a diversified US energy company, has agreed a $2.5 billion credit facility whose pricing will be determined by its success in reducing its carbon emissions.

• SUSI renewables fund backs Norwegian wind project

  02 July 2018

  The €382 million ($445 million) SUSI Renewable Energy Fund II has bought an 80% equity stake in a 208MW wind energy project in Norway, for an undisclosed sum.

• QMA to launch ESG quant solution based on SASB standards

  29 June 2018

  QMA Research, a quantitative investing solutions provider, is to launch its first strategies specialising environmental, social, governance (ESG) quant investing later this year.