News

• PiP raises £20m to refinance 30MW of solar

  20 October 2017

  UK infrastructure investor the Pensions Infrastructure Platform (PiP) has raised £20 million ($26.4 million) in debt to refinance six solar farms in the country owned by its Multi-Strategy Infrastructure Fund (MSIF).

• Aberdeen Standard Investments launches impact fund

  20 October 2017

  Aberdeen Standard Investments has launched its first impact investment-focused fund. The fund is also its first since it was created through the merger of Standard Life Investments and Aberdeen Asset management.

• Swedbank launches green bond framework, looks to raise €500m

  19 October 2017

  Swedbank has launched a green bond framework as it looks to raise at least €500 million ($590 million).

• New Forests to acquire 170,000-acre US forest for pension funds

  19 October 2017

  Australian forestry investment manager New Forests has agreed to acquire a 170,000-acre timberlands estate in California from woods products company Roseburg Resources for an undisclosed value on behalf of two unnamed European and North American pension funds.

• International flights will not be part of EU emissions cap until 2024

  19 October 2017

  EU policymakers have pushed back by four years the date from which emissions from international flights will be counted under the EU-wide Emissions Trading Scheme (ETS).

• Mosaic lays foundations for $307m green securitisation

  19 October 2017

  Solar loan provider Mosaic plans to issue a green asset-backed securitisation worth $307.5 million, its second such issue of 2017, to provide financing for the installation of residential rooftop solar panels.

• Green bonds round-up, 18 October 2017

  18 October 2017

  Industrial and Commercial Bank of China (ICBC), the world's largest bank, has issued a green bond with a value of about $2.15 billion.

• Rating agencies are the main driver of corporate sustainability, says Oekom

  18 October 2017

  Companies currently regard rating agencies as the primary driver of sustainability, but expect them to be overtaken in the future by customer demands, regulations and investor pressure, according to German research firm Oekom.

• Fiji to issue $50m green bond within weeks

  18 October 2017

  Pacific island state Fiji will issue green bonds worth 100 million Fiji dollars ($50 million) as soon as November, becoming the first developing country to issue a sovereign green bond.

• Brookfield has Atlantica in its sights after acquiring TerraForm

  17 October 2017

  Brookfield Asset Management has completed the acquisition of US yieldco TerraForm Power, and may be planning to buy another, in the form of Atlantica Yield.