Green energy fund worth €250m hits Southeast Asia

A €250 million (£222.3m) fund has been launched to accelerate the transition to a low carbon energy system in Southeast Asia. Sustainable investors SUSI Partners and low carbon project developer South Pole Group have created the Asian Energy Transition Fund (AETF), which aims to combine their expertise in financing, planning and building green energy projects. […]

Green Investment Bank’s £2.3bn sale confirmed

The £2.3 billion sale of the UK’s Green Investment Bank (GIB) to the Macquarie Group has been confirmed. The deal was officially announced by Climate Change Minister Nick Hurd earlier today. The institution, which was set up by the UK Government five years ago to fund renewable and low carbon projects, will retain its name, objectives and […]

Global clean investment fell 17% year-on-year in Q1

Global clean energy investment was down 17% in the first quarter of this year, compared to the same period in 2016. New statistics from Bloomberg New Energy Finance (BNEF) also reveal the $53.6 billion (£42.88bn) invested in renewables in Q1 2017 was 7% lower than in Q4 2016. The data illustrates a mix of strong and weak features over Q1 2017. The […]

Offshore wind capacity to triple between 2015 and 2020

Global offshore wind capacity is set to triple in the period between 2015 and 2020. That’s according to a new report published today by the International Energy Agency (IEA), which identifies the key factors of success following a year of record breaking auction prices in the Netherlands and Denmark. It suggests this strong projected growth […]

European offshore wind secured €18.2bn in 2016

The offshore wind industry in Europe confirmed a record €18.2 billion (£15.5bn) of investment in 2016. That is a 39% increase on finalised investments in 2015 and represents just under 5,000MW of further capacity to be installed in the near future. The projects will be spread over five nations, with more than half planned for the UK, according to wind energy advocate WindEurope. It reveals Europe installed 1,558MW of offshore […]

Green seat puts anti-nuclear voice in the Lords

There will be a firmly committed anti-nuclear voice in the House of Lords from now on as Green Party member Jenny Jones (pictured) is to get a Working Peerage. Today new nominations for the Lords were announced  The Queen approves new appointments to the Lords from a list put forward by political parties. It’s the […]