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The Sustainable Economy

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  • US Solar Fund, a London-listed investment trust that focuses on US solar assets, has completed a popular raise on the London stock exchange with demand for the deal exceeding its size.
  • Carbios, the French sustainable plastics company, has unveiled plans for a €105m capital raising to finance the next stage of its growth, with the backing of major shareholders.
  • Philippines-based renewable power producer AC Energy has generated Ps12.4bn ($256.3m) in fresh equity, pricing a sale of new shares at the bottom of the marketed range, according to a source familiar with the matter.
  • SRI
    The economic potential of renewable energy is awesome, and should make fossil fuels obsolete by 2050, according to a new study by Carbon Tracker. But despite the compelling cost arguments for renewables, an enormous political effort will still be needed to accelerate their adoption if disastrous climate change is to be avoided.
  • SSA
    Structured transactions that transfer risk from banks’ balance sheets are set to grow in emerging markets as their financial systems become more sophisticated and lenders try to deal with losses caused by the Covid-19 pandemic. Multilateral development banks are playing a central role — they aim to stimulate private sector interest, even if sometimes investors resent their involvement. Jon Hay reports.
  • Taylor Maritime Investments, a new London investment trust, has launched an IPO on the London Stock Exchange with the aim of offering investors a chance to invest in the recovery of the global shipping industry after the Covid-19 pandemic.