News

• Shovels hit the ground as Foresight invests in additional subsidy-free solar projects in Spain

  19 June 2018

  London: 19 June 2018 - Foresight Group ("Foresight") is pleased to announce construction has commenced on its third subsidy-free solar asset in Iberia ("the Project"). The 10MW cluster, Escalonilla Norte and Escalonilla Sur, is located in the municipalities of Escalonilla and La Puebla de Montalban (Toledo), Central Spain.

• Nephila Climate And Allianz Close Proxy Revenue Swap And Corporate PPA For Macquarie Capital's Lal Lal Wind Farm

  19 June 2018

  JUNE 19, 2018 - HAMILTON, BERMUDA - Nephila Climate ("NCx"), the weather and ESG-driven specialty division of Nephila Holdings Ltd., together with Allianz Global Corporate & Specialty's alternative risk transfer unit ("Allianz"), announced today that they have closed two related transactions to offset future price and volume risk for the Lal Lal wind farm project ("Lal Lal"), being developed in Victoria, Australia. Lal Lal is owned by a partnership comprising InfraRed Capital Partners, Macquarie Capital and Northleaf Capital.

• Green bond market 'to break $200bn barrier in 2018'

  19 June 2018

  The green bond market is expected to see more than $200 billion of annual issuance in 2018.

• Actiam New Member of the ICMA Executive Committee

  19 June 2018

  The International Capital Markets Association (ICMA) announced Foppe-Jan van der Meij of Actiam as its new member of the Executive Committee of the Green Bond Principles (GBP) at the annual meeting on 14 June 2018.

• GRI's sustainability reporting standards replace guidelines next month

  19 June 2018

  From 1 July, the Global Reporting Initiative (GRI) will support only companies that use its Sustainability Reporting Standards, not those that persist with its older reporting guidelines.

• Why SwissRe stripped two green bonds of their green label

  19 June 2018

  SwissRe last year disrobed two green bonds of their green label because it was unhappy with their sustainability reporting.

• Pimco issues call for greater supply of SDG bonds

  19 June 2018

  Pimco would like to see more bond issuers replicate HSBC’s $1 billion UN Sustainable Development Goal (SDG)-aligned bond, a portfolio manager at the company has said.

• EU carbon update, 19 June 2018

  19 June 2018

  Further volatility in EU Allowance prices is likely this week due to Wednesday's options expiry and bearish fundamentals, says Louis Redshaw.

• Create green rating for sovereign bond issuers, says Belgian Debt Agency

  19 June 2018

  Sovereigns could benefit from the creation of ‘green ratings’ which would replace the need for green bond issues, the Belgian Debt Agency has argued.

• ICMA issues guide to link SDGs to green bond market

  15 June 2018

  A guide to help issuers and investors understand how green, social and sustainability bonds contribute to the UN's Sustainable Development Goals (SDGs) has been produced by the International Capital Market Association (ICMA).