News

• Geothermal plant 'close to securing $1.17bn in loans'

  28 March 2014

  Indonesia's largest geothermal project, Sarulla, is reportedly close to securing $1.17 billion of project finance from a syndicate of private and public lenders.

• EIB raises £500m in its first Sterling green bond

  28 March 2014

  The European Investment Bank (EIB) has issued its first Sterling-denominated green bond, raising £500 million ($831 million).

• First State sets up 'stranded assets' working group

  27 March 2014

  Asset manager First State has set up a working group to explore the dangers that 'stranded carbon assets' pose to its investment portfolio.

• Securitised energy efficiency bond raises $104m

  27 March 2014

  A bond believed to be the first to be securitised by payments from residential energy efficiency projects, has raised $104 million. The 11-year bond is based on California's Property Assessed Clean Energy (PACE) financing scheme, which has helped fund the installation of insulation and solar panels.

• Abandon quarterly reporting, McKinsey head tells firms and investors

  27 March 2014

  Companies should abandon quarterly reporting, according to the head of consultancy McKinsey & Co, as he claimed asset managers and asset owners hold the key to pushing corporates away from short-term thinking.

• Brookfield expands into Europe with €495m acquisition

  27 March 2014

  Brookfield Renewables Energy Partners has agreed to pay some €700 million ($963 million) for 17 wind farms in Ireland, marking its first move into the European market.

• Investors push for new ESG listing rules

  27 March 2014

  An initiative backed by more than 100 institutional investors has been launched this week, pushing for standardised sustainability reporting across all stock exchanges.

• SSE to slash investment in UK wind farms

  26 March 2014

  Scottish and Southern Energy (SSE) has today said it would abandon proposed investments in four offshore wind projects and two onshore wind projects in the UK.

• John Laing gets its £160m renewables IPO away

  26 March 2014

  UK infrastructure company John Laing succeeded in publicly listing a renewables fund today, although it took a larger-than-previously-expected stake in the £160 million ($262 million) offering.

• Banco Pine secures $115m loan for renewables funding

  26 March 2014

  Banco Pine has secured a $115 million loan from the Inter-American Development Bank and Commerzbank, which it will use to fund renewables projects in Brazil.