News

• People moves - PRI, PiP, TerraForm Power

  25 November 2016

  US-listed yieldco TerraForm Power (TERP) has appointed three new independent director members to its board.

• Infra fund loans $61m to Texan wind project

  25 November 2016

  A fund backed primarily by Scandinavian institutions has made a $61 million loan to an onshore wind project in Texas, after agreeing a partnership deal with its developer.

• BNP Paribas issues €500m green bond

  25 November 2016

  French investment bank BNP Paribas has joined the growing number of financial institutions that have issued green bonds, raising €500 million in its inaugural offering.

• Iberdrola issues €750m green bond

  25 November 2016

  Spanish utility Iberdrola has issued a €750 million ($795.1 million) green bond, making it the biggest corporate issuer in the market this year, and the third largest overall.

• EU workplace pensions required to consider ESG in 'landmark' vote

  25 November 2016

  EU workplace pensions will be required to consider environmental, social and governance (ESG) issues in their practices in "a landmark moment for responsible investment in Europe."

• Yieldco JLEN to raise £150m

  25 November 2016

  UK yieldco John Laing Environmental Assets Group (JLEN) plans to raise more than £150 million ($190 million) by selling new shares.

• Increased demand in California and Quebec carbon auction

  24 November 2016

  California and Quebec's latest carbon auction sold more than double the number of allowances as its previous auction but still not enough to lift prices above the 'floor price'.

• Australia's carbon auction sees prices fall

  24 November 2016

  Australia's carbon fund has seen prices fall at its fourth reverse auction, as 98% of bids came in below the benchmark price.

• UK gives £230m to clean transport, but remains in 'slow lane'

  23 November 2016

  The UK gave £230 million ($290 million) to accelerate the roll-out of clean transport in its Autumn budget statement, but was accused of "pootling along in the slow lane" when it comes to low-carbon energy transition.

• Sustainable Investing market to grow despite Trump, says S&P

  23 November 2016

  Trump's elections will not impact the growth of sustainable investing, according to S&P, as investors, rather than policymakers, are now driving the market.