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ARENA invests in Sunverge Energy via venture capital fund

RACHEL ALEMBAKIS  |  FRIDAY, 20 JUN 2014  |  NEWS
... million (AUD 16.3 million) financing round that also received contributions from the Venture Capital Unit of Siemens and Total Energy Ventures International, ARENA said. "This investment will help Sunverge Energy establish operations in Australia and ...

CEFC provides finance to New Energy Corporation

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 JUN 2014  |  NEWS
... realise commercial success and benefits that other financiers can follow." This AU$50 million senior debt finance takes CEFC's total investment in waste-to-energy projects to more than AU$150 million and accelerates over AU$400 million of private sector ...

Vast Solar begins construction on 6MW solar thermal station

RACHEL ALEMBAKIS  |  WEDNESDAY, 21 MAY 2014  |  NEWS
... the Essential Energy distribution network, Vast Solar said. "The project comprises five low profile solar arrays, with a total of 3,500 heliostats (mirrors), 5 towers each less than 30 metres high with thermal energy receivers, and a thermal energy storage ...

NAB, GS Microfinance: more needed on financial exclusion

RACHEL ALEMBAKIS  |  FRIDAY, 2 MAY 2014  |  NEWS
... banks, by us and by other organisations are starting to yield some dividends." NAB highlighted in its report that of the total number of financially excluded Australians, 35% are young people aged 18 to 24 and more than 40% are employed. Gavin Slater ...

J.P. Morgan, GIIN report uptick in impact investing

RACHEL ALEMBAKIS  |  FRIDAY, 2 MAY 2014  |  NEWS
... Northern and Southern Europe. Oceania represented 2% of the overall respondents. Development finance institutions manage 42% of total assets, followed by fund managers at 34% of assets. "With more respondents than ever, this survey offers an unprecedented ...

CEC analyses impact of removing Renewable Energy Target

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 APR 2014  |  NEWS
... study estimated that each Australian household will pay over $50 more for electricity in 2020 if the RET is removed, with total cost of more than AU$500 million for electricity in 2020 and up to $1.4 billion extra each year beyond then if the policy ...

IGCC: climate financing achievable, but needs policy clarity

RACHEL ALEMBAKIS  |  THURSDAY, 24 APR 2014  |  NEWS
... The report finds that limiting global warming to C would cost only 0.06% of GDP per year to 2050. The IPCC estimates that total climate finance for mitigation and adaptation is estimated at US$343 to US$385 billion, based on data gathered on the years ...

SVA provides $800,000 financing to Indigenous company

RACHEL ALEMBAKIS  |  WEDNESDAY, 23 APR 2014  |  NEWS
( Ed. note: substantially updated with comment from Martin Doyle, executive chairman, Iman Operations) Social Ventures Australia (SVA) has made a AU$800,000 impact investment financing deal with an Indigenous cleaning company based in Queensland that ...

World Bank issues $300m Australian Kangaroo Green Bond

RACHEL ALEMBAKIS  |  THURSDAY, 17 APR 2014  |  NEWS
... Westpac Institutional Bank The AU$40 billion UniSuper is the lead investor in the issuance, taking AU$100 million of the total bond. The bond was placed with 15 investors in total, including Aberdeen Asset Management, AMP Capital, Australian Ethical ...

ASX includes ESG language in corporate governance guidance

RACHEL ALEMBAKIS  |  FRIDAY, 28 MAR 2014  |  NEWS
The Australian Securities Exchange (ASX) has recommended that listed companies disclose how economic, environmental and social sustainability risks are being identified and managed. This week the ASX Group's Corporate Governance Council published a ...