solar-power

Solar bonds: Israel Electric $500m + MidAmerican $700m 27 yr / US PACE Court win / Irish tax support for forest bonds / Env Bonds Conf on Wed London / Kiernan joins CB Adv Panel

Israel Electric Corporation has issued a $500 million bond in the US to buy solar energy capacity to replace gas from Egypt. http://goo.gl/KrCRP

Developments in the green corporate bond market / REC case study

By guest blogger “Corporate Bonder”The global bond market is huge. Data from the Bank for International Settlements shows that the total size of the global debt securities market (domestic and international securities) was $99.5 trillion as at June 2011, of which $89.9 trillion were notes and bonds. Governments accounted for $43.7 trillion of outstanding debt securities, financial organizations $43.8 trillion, corporations $11.0 trillion and international organizations $1.0 trillion.

The true story of US CREBs and QECBs / China ups solar target 50% / Singapore+climate+insurance

1. Did you hear that China raised its 2015 solar energy target from 10 to 15 GWp just before Christmas? They have around 3 GWp now, and they'd already raised their target to 10GWp after the Japanese nuclear disaster. In contrast, Germany has 25 GWp of installed solar. China is likely to direct banks to offer cheap finance, although there have been indications of a debt market beginning.

12 Durban Snips: EIB mixes great works with lunacy; WB too; India solar cost down 38%; Trevor Manuel; Korea; Karen Ireton on IFC; Nedbank; Pachauri & more

> The European Investment Bank (EIB) lends more to clean energy than any other bank in the world. That’s something for Europe to be proud of. But CEE Bankwatch has just shown how, in a way that undermines the EU’s emission reduction targets, the EIB also continues to lend to coal-fired power stations. In fact they lent more this year than last.