Stern, Wigley among UK Green Investment Bank advisors

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Stern, Wigley among UK Green Investment Bank advisors
UK Business Secretary Vince Cable announced on Wednesday the nine members of the panel set up to advise on the creation of the Green Investment Bank. More >>>

UN Green Climate Fund ‘headed for failure’ – Bloomberg
The Green Climate Fund, designed to channel $100 billion a year in climate-related investment to the developing world by 2020, is destined for failure, according to Bloomberg New Energy Finance. More >>>

Insurers could face $6bn bill from Hurricane Irene
Hurricane Irene will be a costly natural disaster, with US insurance losses possibly as high as $6 billion, but will not be as dire an event for the insurance industry as originally expected, according to catastrophe modelling firms. More >>>

Belgian industry invests in nuclear, gas
Belgian energy company Electrabel has signed an agreement with a consortium of Belgian industrial energy users to invest in thermal and nuclear energy production capacity. The agreement should allow heavy users of energy to rely on their own electricity supply instead of buying more expensive energy from utility suppliers. More >>>

NextEra raises $935m for concentrated solar project
A NextEra Energy Resources subsidiary closed $935 million in financing for a 250MW solar project in California, with the help of the US Department of Energy’s loan guarantee programme. More >>>

Union Capital Group snaps up LatAm renewables firm
Investment management firm Union Capital Group has acquired London-based renewable energy investment company Plane Tree Capital. More >>>