Leading asset management group BlackRock has taken its Renewable Income UK fund up to £1.1 billion (US$1.43 billion), making it one of the largest single investments in renewable energy.
Indian state-run Rural Electrification Corporation (REC) is to raise US$450 million through its first ever 10-year Green Bonds with listing at London and Singapore, according energy minister Piyush Goyal.
UK solar and wind asset owner Greencoat Renewables is eying an IPO to raise as much as €250 million (US$280 million) to pursue additional wind and solar projects across Europe.
The World Bank announced last week that its Board of Executive Directors approved the Second Energy Sector Project, which will help strengthen Mongolia’s electric grid and develop a 10MW installation within the country.
New York-based fixed tilt and solar racking manufacturer GameChange Solar has expanded its capital introduction programme to fund solar projects across the US to over US$2 billion of available capital.
Renewable energy is indeed the future, according to Bloomberg New Energy Finance’s latest report, which forecasts technologies such as wind and solar to “dominate” the future of electricity by 2040, making up 48% of the world’s installed capacity and 34% of electricity generation.
Technology conglomerate Apple Inc. has issued its second green bond valued at US$1 billion, in the wake of president Trump withdrawing the US from the Paris climate agreement.
