UK green power company issues £10m 'Ecobonds'

UK 'green' energy company Ecotricity announced yesterday that it's issuing ‘EcoBonds’ to fund an expansion of its renewable energy generation capacity. The mix of assets to be developed includes wind, solar and renewable gas. Ecotricity is aiming to raise a modest £10 million with the bonds.

The fixed rate EcoBonds have a 4-year term and pay 7% - or 7.5% for Ecotricity customers. The bonds are aimed at ethical investment market, including, clearly, Ecotricity customers.

EIB issues €300 million of “Climate Awareness Bonds”

Hard in the heels of the IFC’s US$200 million Green Bond last month, comes the AAA-rated European Investment Bank (EIB) with a third issue of its “Climate Awareness Bonds”.

Denominated in Australian dollars and South African Rand, yesterday’s issue is for the equivalent of €300 million. They will be sold largely to Japanese retail and institutional investors.