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NY's EIC on residential, commercial property energy upgrades

RACHEL ALEMBAKIS  |  FRIDAY, 5 SEP 2014  |  NEWS
The state of New York is leveraging innovative clean energy financing vehicles and community outreach to fund clean energy and energy efficiency projects in both commercial and residential properties. The Energy Improvement Corporation (EIC ) operates ...

AMP Capital invests in Alterra Power Corporation

RACHEL ALEMBAKIS  |  FRIDAY, 5 SEP 2014  |  NEWS
AMP Capital's Infrastructure Debt Fund II has invested more than C$100m in Alterra Power Corporation, a global renewable energy company headquartered in British Columbia. AMP Capital has structured a C$110 million subordinated loan facility for Alterra ...

Carbon co-benefits valued as additional $664 per tonne

RACHEL ALEMBAKIS  |  THURSDAY, 4 SEP 2014  |  NEWS
Offsetting one tonne of carbon dioxide can bring additional co-benefits of US$664 to the communities in which reduction projects are based, according to new research. Co-benefits of purchasing carbon credits include economic development opportunities ...

Pollinate Energy to partner with Powershop

RACHEL ALEMBAKIS  |  FRIDAY, 29 AUG 2014  |  NEWS
Pollinate Energy, a not-for-profit social enterprise that provides affordable solar lighting to people in India's urban slums, is establishing a partnership with Victorian energy retailer Powershop that will see the retailer donate $50 to Pollinate ...

SVA calls for $200-250m funding for social investment bank

RACHEL ALEMBAKIS  |  FRIDAY, 29 AUG 2014  |  NEWS
The government should seed a social investment bank with AU$200-250 million of debt or grant funding to meet capital required by market for social impact investments, according to Social Ventures Australia (SVA). Ian Learmonth, executive director of ...

EY buys Net Balance

RACHEL ALEMBAKIS  |  WEDNESDAY, 27 AUG 2014  |  NEWS
EY has bought Net Balance in a move that will see Net Balance staff integrated into EY's Climate Change and Sustainability Services team. "This move to acquire Net Balance is about boosting EY's existing services to ensure we have the capability to ...

ARENA allocates $21.5m to solar R&D projects

RACHEL ALEMBAKIS  |  WEDNESDAY, 27 AUG 2014  |  NEWS
The Australian Renewable Energy Agency (ARENA) will allocated AU$21.5 million in funding for 12 new solar research and development projects across the country. "The Australian Government's $21.5 million investment is being matched by strong domestic ...

SVA: Newpin social benefit bond returns 7.5% in first year

RACHEL ALEMBAKIS  |  FRIDAY, 22 AUG 2014  |  NEWS
The AU$7 million social benefit bond (SBB) funding the Newpin program run by UnitingCare Burnside will deliver a return of 7.5% to investors this year after its first 12 months. Ian Learmonth, executive director of impact investing, Social Ventures ...

Challenges, opportunities in Australia's energy future

RACHEL ALEMBAKIS  |  FRIDAY, 22 AUG 2014  |  NEWS
If Australia is to make a long-term transition to lower carbon energy sources, it will require ongoing policy support from state and federal government as well as long-term investment from the private sector, while recognising that the impacts of renewable ...

ASIC accepts Community 21's prospectus for share raising

RACHEL ALEMBAKIS  |  FRIDAY, 22 AUG 2014  |  NEWS
The Australian Securities and Investment Commission (ASIC) has accepted a prospectus from Community 21, which is seeking to raise up to AU$4 million in a share offering open to non-profits. Peter Quarmby, Community 21 executive director Community 21 ...