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UK National Grid Offers €500Mn Green Bond (Int'l. Report)
National Grid
Date: 2020-01-15
In the UK, National Grid reports it is launching a €500 million green bond issuance to finance its expanded efforts in renewable energy, energy efficiency, sustainable energy management and climate related initiatives. The offer is the British utility firm's first foray into the green bonds market since publishing its Green Financing Framework in November last year.

Of the total €500 million issuance, 74 pct would be used for renewable energy, 13 pct for environmentally sustainable management, 11 pct for energy efficiency, and 2 pct for clean transportation and pollution prevention.

BNP Paribas is acting as the sole green structuring advisor and joint book runner. (Source: National Grid, Business Green, 14 Jan., 2019) Contact: UK National Grid, Kayte O'Neill, Head of Strategy and Regulation, www2.nationalgrid.com/uk

More Low-Carbon Energy News National Grid ,  Green Bond,  


Sierra Energy Closes on $33Mn for FastOx Technology (Funding)
Sierra Energy
Date: 2019-08-02
Davis, California-based Sierra Energy Corp.reports it has closed a $33 million series A investment round led by Breakthrough Energy Ventures and joined by Cox Investment Holdings Inc., BNP Paribas SA, and others. The funding will be used to develop and commercialize the company's FastOx gasification technology, which converts virtually any waste into clean, renewable energy and fuels without burning.

Sierra Energy's FastOx technology, developed by Sierra Energy and supported by grant funding from the U.S. Department of Defense and the California Energy Commission, uses oxygen and steam to heat waste to 4,000 degrees F at which it breaks down into an energy-dense syngas allowing the recovery of inorganic material as either a non-leaching stone or molten metal, according to the company. Sierra Energy's modular FastOx technology can be scaled to large size, does not produce process emissions and all outputs are saleable, according to the company. (Source: Sierra Energy Corp. , 31 July, 2019) Contact: Sierra Energy Corp., Mike Hart, CEO, (530) 759-9827www.sierraenergy.com

More Low-Carbon Energy News Sierra Energy,  Syngas,  


Notable Quote
BNP Paribas
Date: 2019-04-08
"Renewables are the new rust for the oil-and-gas industry, and if the industry does not adapt to this new reality they will corrode its future profits just like rust corrodes oil rigs." -- Mark Lewis, BNP Paribas Asset Management Contact: BNP Paribas, www.group.bnpparibas/en

More Low-Carbon Energy News Renewable Energy,  BNP Paribas,  


BNP Paribas Launches Quant Carbon Offset Fund (Int'l Report)
BNP Paribas
Date: 2019-04-01
Paris-based BNP Paribas Asset Management is reporting the launch of a new Quant Europe Climate Carbon Offset Plan which aims to capture the performance of European liquid equities with high ESG standards. The strategy selects these according to their carbon footprint and the robustness of their energy transition strategy.

The fund also aims to offset the carbon footprint of the investment strategy, which is achieved through the use of Verified Emission Reductions certificates from the Kasigau Corridor REDD+ project, which is based in south east Kenya. The project protects more than 200,000 hectares of endangered dryland forest.

The launch of this latest Ucits funds is in line with BNP Paribas AM's Global Sustainability strategy, which includes the plan to reduce the environmental impacts of its operations.

Paris, France-headquartered BNP Paribas S.A. is the world's 8th largest bank by total assets and currently operates in 77 countries. (Source: BNP Paribas, CityWire Selector, 29 Mar., 2019) Contact: Bank BNP Paribas, Neven Graillat, Chief Sustainability Product Officer at BNP Paribas Global Markets said: ‘The management of risks relating to www.group.bnpparibas/en

More Low-Carbon Energy News BNP Paribas,  Carbon Footprint,  Carbon Markets,  


Albioma Converting Guadeloupe Coal Plant to Biomass (Int'l Report)
Albioma SA
Date: 2019-03-15
Following up on our 23rd November, 2018 coverage, French renewable energy producer Albioma SA is reporting it has secured a €68-million ($76.8 million) loan for the conversion of a 34-MW power plant in Guadeloupe from coal to biomass. The funding was arranged with BNP Paribas and CIC, which acted as co-arrangers, and Bpifrance.

The loan will be used for new infrastructure and modifications to the Albioma Caraibes power plant, which is expected to be converted so 100 pct biomass in 2020. (Source: Albioma SA, Renewables, 13 Mar., 2019) Contact: Albioma SA, +33 (0)1 47 76 67 00, www.albioma.com/en

More Low-Carbon Energy News Coal-to-Biomass,  Biomass,  Albioma SA ,  


METRON Raises €8 Mn for R&D Consolidation (Int'l)
METRON
Date: 2018-10-22
Paris-headquartered French energy intelligence platform specialist METRON is reporting completion of a new €8 million fundraising with commitments from BNP Paribas, Financiere Fonds Prives, and existing shareholder, Breed Reply. The funds will be earmarked for international growth and further development of the company's AI-based energy optimization solutions.

METRON offers an energy intelligence platform that collects, aggregates and analyses in real time all types of data generated by industrial systems, while interfacing directly with external data such as those from energy markets or weather forecasts. The artificial intelligence engine developed by METRON allows manufacturers to effectively reduce their energy consumption and improve their environmental footprint.

The METRON-EVA® (Energy Virtual Assistant) platform provides real-time mapping of all energy flows and visual management of energy performance indicators. Through machine learning algorithms and dedicated knowledge bases, it allow s companies to identify in industrial processes, non-intuitive optimization levers and to support their implementation to generate the expected gains. By interfacing directly with energy markets or decentralized energy assets such as renewable energies, factory operations can be optimized in real time according to production and market context.

Founded in 2013, METRON is active in ten countries and has operational centres in Europe, Latin America, Asia and the Middle East. (Source: Metron, PR, 22 Oct., 2018) Contact: Metron, Vincent Sciandra, CEO , +33 (0)1 40 28 65 65, info@metronlab.com, www.metronlab.com

More Low-Carbon Energy News Energy Eficiency,  


Banks Piloting Energy Efficient Home Mortgages (Int'l Report)
Energy Efficiency
Date: 2018-06-15
The publication Energy Live is reporting 37 major European banks -- BNP Paribas, ING Bank, Nordea Bank and Societe Generale and others -- are launching a new 2-year energy efficiency mortgage pilot scheme offering reduced interest rates on greener and more energy efficient homes.

Criteria for energy efficiency mortgages was developed by the Green Building Councils (GBCs) in the WorldGBC's Europe network and their partners. The new mortgage product is intended to establish a new generation of mortgage products to help consumers drive reductions in energy use. (Source: Energy Live, Others, 14 June, 2018)

More Low-Carbon Energy News Energy Efficiency,  


Bord na Mona Announces €160Mn Irish Wind Farm (Int'l)
Bord na Mona,EIB
Date: 2018-05-25
In Dublin, Ireland's state-owned energy company Bord na Mona reports it will construct 29 turbines at the new 86-MW Oweninny Wind Farm Project in Mayo.

The project secured funding from four banks: the European Investment Bank (EIB); MUFG Bank, BNP Paribas and AIB. will finance the wind farm with long-term debt. The EIB is in for half of the project's expected total cost of €160 million. It is the EIB's largest ever investment in renewable energy generation in Ireland and the largest financing in the country to date under the EIB Investment Plan for Europe. (Source: Bord na Mona, Irish Farmers Journal, May, 2018) Contact: Bord na Mona Plc, Mike Quinn, CEO, Patrick Madigan, Bioenergy Division, +353 45 439000, www.bordnamona.ie; Investment Plan for Europe, www.consilium.europa.eu/en/policies/investment-plan

More Low-Carbon Energy News Wind,  Bord na Mona,  EIB,  


BNP Paribas Pledges Carbon Neutrality by Year End (Int'l)
BNP Paribas
Date: 2017-05-05
The Paris-headquartered international banking group BNP Paribas reports it is commited to becoming carbon neutral by the end of the year in terms of the CO2 emissions arising from its own operations.

Since 2012, BNP Paribas has reduced its direct CO2 emissions by 15 pct per employee, in line with the Group’s target of a 25 pct reduction by 2020. This achievement is the result of a specific policy of promoting energy efficiency at the Bank’s buildings and data centres -- a significant challenge given that the premises occupied by BNP Paribas worldwide total over 7 million square metres -- and also optimising business travel. The Group will also work to offset CO2 emissions that cannot be directly avoided or easily reduced, such as those arising from staff travel and natural gas consumption, through partnerships with benchmark organisations, in accordance with our Corporate Social Responsibility policies

Other BNP Paribas initiatives include:

  • BNP has entirely ceased financing coal mining and coal-fired power plant projects in any country, and will not finance electricity companies unless they have drawn up a plan for reducing the proportion of coal in their generation mix that is at least as ambitious as the national carbon reduction plan in the country in which the company is established

  • BNP has earmarked €100 million for investments by 2020 in innovative startups working to drive forward the transition to sustainable energy;

  • BNPis working to progressively incorporate a climate-related component into the methodology of rating companies and ventures which it finances. The bank have just joined the Carbon Pricing Leadership Coalition which, under the aegis of the World Bank, aims to support and encourage the implementation of a worldwide system for pricing carbon into industry and business;

  • BNP has, in line with its involvement in the Portfolio Decarbonization Coalition, published the carbon footprint of over 100 funds managed by BNP Paribas Investment Partners (BNPP IP); meanwhile BNPP IP offers a wide range of low-carbon funds to investors. (Source: BNP Paribas, 3 May., 2017)Contact: BNP Paribas Group, https://cib.bnpparibas.com

    More Low-Carbon Energy News BNP Paribas news,  Carbon Neutral news,  

    More Low-Carbon Energy News BNP Paribas,  Carbon Neutral,  

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