Green shift in finance accelerating – $200B from Wells Fargo
Wells Fargo plans to invest US$200 billion by 2030 in sustainability projects, including at least $100 billion in green bonds and clean energy technologies, including renewable energy, EVs and batteries.
Taiwan to issue $82 million in new Green Bonds
Taipower, Taiwan’s state-owned electricity supplier, has announced a plan to issue TW$2.4 billion (US$82 million) in green bonds next month, and to use the proceeds raised to develop renewable energy projects, including solar.
Credit Suisse to launch €500 million green bond issue to back US solar projects
The Swiss bank will utilize the proceeds to refinance construction and operation of U.S. solar projects, and this could be the first of several issuances.
IFC, EIB and EBRD commit $424.5 million in green bonds for emerging markets
Three of the world’s leading development finance institutions (DFIs) commit US$424.5 million of investment in green bonds, specifically for developing markets.
EBRD earmarks $22 million for 50 MW Jordan PV plant, $100 million for green bonds
The European Bank for Reconstruction and Development is providing a US$22 million shot in the arm for a 50 MW solar power plant in the Risha region developed by Saudi ACWA Power. The bank has also announced plans to invest up to $100 million to back development of the green bond markets, and pledged its support to city climate projects allocating over $500 million with an eye to scaling up green urban financing.
ADB proposes new approaches to financing energy projects
Governments of cash-strapped developing nations should start exploring a range of innovative financing solutions to support the development of environment-focused infrastructure projects such as financially bankable solar installations, the Asian Development Bank (ADB) says in a new report.
India: Azure Power to issue $500m solar green bond
The green bond offering will be the first of its kind to be issued in India, and comes via Azure Power’s stated aim to continue promoting and investing in renewable energy in the country.
India’s Rural Electrification Corporation issues $450 million green bond in UK
The 10-year green bond paying a hefty annual yield of 3.965% stirred up strong interest of investors on the London Stock Exchange.
GCL New, CEE sign $62.3 million deal for 100 MW
A unit of Beijing-based China Energy Engineering (CEE) has agreed to build a 100 MW solar project for GCL New Energy in eastern China.
Apple takes another bite out of climate change with second billion-dollar green bond
The tech giant’s latest investment in tackling climate change follows last year’s $1.5 billion green bond sale. Proceeds from this latest bond will be earmarked for eco-friendly projects, with solar at the forefront.
