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news

31 March 2014

UK Green Investment Bank plunges £461m into offshore wind amid private sector uncertaintyp

offshore_170UK Green Investment Bank has spent £461m buying stakes in two British offshore wind projects in a bid to bolster the sector as large private sector companies pull back.

28 March 2014

US Department of Energy pulls funding for BlueFire’s $300m biofuel plant

biofuels-170SQThe US Department of Energy (DOE) has pulled its support BlueFire Renewables’ $300m cellulose plant in Mississippi.

28 March 2014

Virginia makes grants worth $850,000 to develop offshore wind

Virginia has issued $860,000 in grants to four businesses to fund research that will accelerate the development of offshore wind power and the industry’s supply chain.

28 March 2014

EIB raises £500m in its first sterling-denominated green bond

The European Investment Bank has raised £500m with its first ever sterling-denominated Climate Awareness Bond in its biggest green bond transaction so far this year.

28 March 2014

US utility-scale solar capacity surges by 96 per centp

cspUtility-scale solar capacity surged by 96 per cent in the US in 2013, the fastest growth of any renewable source, according to recent data.

28 March 2014

The Renewable Infrastructure Group buys two UK solar parks for more than £34.5m

UK listed infrastructure investment company The Renewable Infrastructure Group (TRIG) has bought two solar photo voltaic parks in Devon and Essex for between £34.5m and £37m.

28 March 2014

NRG snaps up Roof Diagnostics Solar in a bid to meet rising demand

rooftop_solar170US energy company NRG Energy has acquired residential solar company Roof Diagnostics Solar in a bid to expand its retail solar business.

28 March 2014

China Development Bank issues $826m loan for GCL-Poly solar projects

solarpv_170sqChina Development Bank has granted the green energy supplier GCL-Poly a $826m loan to develop its solar farm business.

28 March 2014

World Bank kickstarts cleantech incubator in Ethiopiap

ethiopia_170The World Bank has launched a new cleantech business hub, the Ethiopia Climate Innovation Center in Addis Ababa to support enterprises that address climate change and boost the local economy.

28 March 2014

Natural gas company NG Advantage raises $5.5m

Gas works_170SQNatural gas delivery company NG Advantage has raised $5.5m selling debt to investors according to a filing with the Securities and Exchange Commission (SEC). It says the company is targeting a total of $7m in the fund raising round.

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