News

• UK government proposes slashing FiTs by up to 86%

  27 August 2015

  The UK government continued its onslaught against its renewables subsidy regime after it proposed slashing Feed-in Tariffs (FiT) for small-scale clean power production by up to 86% as early as January.

• NWB Bank issues largest SSA green bond of the year

  27 August 2015

  Dutch public sector lender Nederlandse WaterschapsBank (NWB) has issued a €1 billion ($1.13 billion) green bond – the largest euro-denominated transaction of this kind to come out of a supranational, sub-sovereign and agency (SSA) this year.

• Low-carbon VC fund exits solar developer, and doubles return

  27 August 2015

  The UK-based Low Carbon Innovation Fund (LCIF) has sold its stake in solar developer Push Energy for £1.9 million ($2.9 million) as part of a share buy-back scheme.

• EDF Renewable Energy buys US mid-size wind developer

  26 August 2015

  EDF Renewable Energy has bought US midsize wind project developer OwnEnergy for an undisclosed fee.

• Italian renewables firm issues bond

  26 August 2015

  Italian renewables firm Building Energy has abandoned plans to issue a green bond, coming to market with €30 million of unlabelled notes instead.

• CGN renewables fund in RMB1.8bn first close

  26 August 2015

  Chinese private equity firm CGN and investment manager JIDA Capital Partners have raised RMB1.8 billion ($281 million) at the first close of their renewable energy fund.

• US carbon prices buoyant as more states eye trading

  26 August 2015

  Prices of emission allowances in North America's mandatory carbon markets have been rising this year, amid speculation that more states may join them or set up linked trading regimes.

• US government to insure PACE mortgages in bid to ramp up energy transition

  26 August 2015

  The US government has pledged to insure mortgages for homes under Property-Assessed Clean Energy (PACE) in order to boost the programme's flagging residential market.

• Sweden tops Sarasin's new sovereign sustainability matrix

  26 August 2015

  Sweden has come top of J. Safra Sarasin's newly created sovereign sustainability matrix, which Sarasin says will complement existing ratings for sovereign bond issuers.

• Henderson SRI fund measures carbon footprint

  26 August 2015

  Henderson Global Care Growth Fund has started analysing the carbon footprint of its portfolio using Trucost data, Environmental Finance has learned.