News

• Citi tightens its policy on coal sector lending

  06 October 2015

  US bank Citi has strengthened its policy on lending to coal mining companies and all financing for this sector will now require approval at a more senior level within the bank.

• BNP Paribas offers low carbon ETF in the UK

  06 October 2015

  BNP Paribas' index-based investment unit, Theam, has gained regulatory approval to distribute its low carbon exchange traded fund (ETF) to UK customers for the first time.

• Renewables to dominate new power generation to 2020, says IEA

  06 October 2015

  Renewable energy will be the largest source of electricity growth over the next five years, as costs continue to fall, the International Energy Agency (IEA) predicts.

• Infracapital takes 70% stake in UK bioenergy group

  06 October 2015

  Infracapital, the infrastructure investment arm of M&G Investments, has committed £160 million ($243 million) to take a 70% stake in the Bioenergy Infrastructure Group (BIG), which has been created to invest in the construction of biomass and energy-from-waste (EfW) plants in the UK.

• Indian renewables agency to launch $305m of green bonds

  06 October 2015

  The Indian Renewable Energy Development Agency (IREDA), the primary government body for financing the country's renewable energy sector, has announced plans to issue up to INR20 billion ($305 million) of green bonds by the end of the year.

• French firm offers free web tool to highlight climate risk from fossil fuels

  06 October 2015

  Novethic, a French research company specialising in socially responsible investments (SRI), has launched a free web-based tool to highlight the actions being taken by national governments, investors and companies to combat climate change.

• Nordex acquires Acciona Windpower for €785m

  05 October 2015

  German wind turbine manufacturer Nordex has acquired Acciona Windpower from Spanish engineering firm Acciona for €785 million ($880 million).

• French pension fund plans to extend low carbon activities

  05 October 2015

  The French public sector pension scheme, ERAFP is considering ways to extend its "low carbon" activities, including a dedicated low carbon equity fund.

• Abengoa Yield buys more assets and refinances construction debt

  05 October 2015

  Abengoa Yield has bought two more solar plants from its parent company, the heavily indebted Spanish energy company Abengoa.

• Canadian Solar buys C$270m of solar from KKR

  05 October 2015

  Canadian Solar has bought a fleet of solar plants from private equity firm KKR in a C$270 million ($204 million) deal.