News

• Brookfield and Appaloosa mull TerraForm swoop

  20 October 2016

  Brookfield Asset Management and Appaloosa Management have reiterated their interest in buying yieldco TerraForm Power (TERP), controlled by stricken renewables giant SunEdison.

• KBN prices third green bond

  20 October 2016

  Norwegian public sector lender Kommunalbanken Norge (KBN) has priced a $500 million green bond, in its third foray into the market.

• Earth Capital secures initial investment for sustainable technology fund

  19 October 2016

  Earth Capital Partners (ECP) said it has secured the first investments into a new sustainable technologies fund it is managing on behalf of the Nobel Sustainability Trust.

• EF BRIEFS: Impax; CBL Markets; Urban development

  19 October 2016

  Impax Asset Management has completed the sale of a 107.7MW portfolio of wind farms in Finland to German insurer Allianz. The sale price was not disclosed.

• Kommuninvest issues largest ever SEK green bond

  19 October 2016

  Swedish public sector lender Kommuninvest has priced the largest ever Swedish krona green bond, raising some SEK5 billion ($570 million).

• Carbon trading could slash cost of meeting Paris targets, says World Bank

  18 October 2016

  International carbon trading could help countries meet their domestic emission reduction plans, which support the UN's Paris Agreement on climate change, the World Bank said.

• CalSTRS seeks more ESG asset managers

  18 October 2016

  The California State Teachers' Retirement System (CalSTRS) has launched a major hunt for asset managers specialising in environmental, social and governance (ESG), as it looks to shake up the sustainability management of its equities portfolios.

• EF Briefs: HFC deal; Moody's Green Bond Assessment

  17 October 2016

  UN hails HFC deal as 'biggest climate breakthrough since Paris'

• IFC launches forestry bond that can pay its coupon using REDD+ credits

  17 October 2016

  The International Finance Corporation (IFC) has launched a "first-of-its-kind" forestry bond that allows investors to be paid using carbon credits.

• Sin stocks portfolio 'could outperform in Morningstar's Sustainability ratings'

  17 October 2016

  A fund manager has devised a portfolio of 'sin stocks' that are likely to score highly in Morningstar's Sustainability ratings to illustrate his fear that the methodology has the potential to mislead investors.