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Electrolux Launches a Green Bond Framework to Fund Climate Investments and Other Environmental Initiatives

STOCKHOLM: AB Electrolux today introduces a green bond framework with an intention to raise funds earmarked for investments contributing to reduced environmental impacts from the company’s products and operations. The initiative is designed to enable debt market investors to allocate funds specifically to industrial projects with a positive climate impact or other environmental benefits. The […]

ADB, GCF, and Australia Partner to Improve Renewable Energy in Tonga

NUKU’ALOFA, TONGA: The Asian Development Bank (ADB) has approved $12.2 million grant for the Renewable Energy Project, which is under the Pacific Renewable Energy Investment Facility. Approved in 2017 by ADB, the facility finances renewable energy projects in the 11 smallest Pacific island developing member countries with an overall estimated cost of $750 million, with […]

MHI Vestas says Brexit will not deter investment in Britain’s wind sector

LONDON: Japanese-Danish joint venture MHI Vestas plans to continue investing in its wind turbine blade manufacturing plant in Britain, despite the country’s impending departure from the European Union, its chief executive told Reuters. MHI Vestas, a venture between Denmark’s Vestas Wind Systems A/S and Japan’s Mitsubishi Heavy Industries, makes wind turbine blades on the Isle […]

Ares Starts Fund to Profit From Push to Combat Climate Change

Ares Management Corp., the alternative investment firm overseeing more than $130 billion, is seeking to profit from efforts by governments and companies to tackle climate change. The firm is creating a strategy, dubbed “climate infrastructure,” that will make investments aimed at cutting greenhouse-gas emissions and promoting better use of natural resources, according to an email […]

RWE clears important competition hurdles

European Commission gives RWE antitrust clearance for acquisition of E.ON and innogy renewables operations German Federal Cartel Office approves the acquisition of a minority stake in E.ON by RWE Today, the European Commission approved the acquisition of the renewables operations of E.ON and innogy by RWE without any conditions. The company had filed the transaction […]