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Low Carbon

World Bank lends $200m for South African renewables

The private sector arm of the multilateral development bank has offered a $200 million credit line to Nedbank, the first commercial bank in South Africa to offer a green bond, which it did on the Johannesburg Stock Exchange in 2019.

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Renewables account for 31% of UK electricity, installations remain flat

The U.K. government has cold-shouldered PV with a row of disfavourable policies, which have put at risk the financial viability of new arrays. In the past few last years, the market has remained almost flat, with installations sitting at around 200 MW per year.

Oil major Vitol invests €200 million in new RE fund with Low Carbon

Vitol and Low Carbon have announced a €200 million fund, VLC Renewables, which will invest in renewable energy projects across Europe. Large off-shore wind will be the primary focus, with no solar plans as of yet.

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