News

• Climate Change Capital loses Ventus funds to Temporis

  30 August 2011

  Climate Change Capital (CCC) has been replaced as manager of its two Ventus wind farm funds following a manager resignation, poor performance and a breach of internal controls.

• Water quality trading to bloom in Ohio

  30 August 2011

  A water quality trading programme, meant to reduce the release of excess nutrients into the Ohio River Basin, last week received a US Department of Agriculture (USDA) grant which will allow the first pilot trades to go ahead.

• UK corporate pension funds improve on RI... slowly

  30 August 2011

  There are early signs of "a step change" in how corporate pension funds in the UK approach responsible investment, but progress does not reflect broader corporate awareness of sustainable business issues, according to a survey from UKSIF.

• Governors call for another seven years of wind tax credits

  30 August 2011

  The US federal government should extend the production and investment tax credits for wind power for at least seven years, according to a bipartisan group of state governors.

• Generation eyeing credit markets

  30 August 2011

  Generation Investment Management, the sustainability-focused investment firm, is building a "credit markets investment platform", with the hire of a corporate debt specialist the latest addition to a growing team.

• Wind firms look skywards for new market

  30 August 2011

  Using kites and balloons to tap the strong, consistent winds more than two kilometres in the air could avoid many of the pitfalls of more down-to-earth wind farms, according to the first market report on the nascent industry by consultancy GL Garrad Hassan.

• KGAL aims timber fund at insurance companies, pension funds

  25 August 2011

  KGAL is hoping to raise €250 million ($360 million) into its second sustainable forestry fund, and its first aimed at institutional investors.

• Supply glut, policy uncertainty casts shadow over solar

  25 August 2011

  The global solar manufacturing sector has been under tremendous pressure from a supply glut and policy challenges that led to a string of disappointing earnings reports and bankruptcies, with further consolidation possible in the second half.

• Aviva, Sachsenfonds reach first close on €300m renewables fund

  25 August 2011

  Aviva Investors has reached a first close of a fund to invest in onshore wind and solar farms in Europe.

• Fuel cell firm raises $73.5m

  25 August 2011

  Stationary fuel cell maker ClearEdge Power has raised $73.5 million in a fifth round of funding, led by hedge fund Artis Capital Management.