Financing
FirstEnergy Capital announces international expansion
FirstEnergy Capital, an energy-focused Canadian investment bank, has opened an office in London, England.
Clean energy fund tops $200 million in first year
A clean-energy infrastructure fund managed by Fortis Investments has attracted €158 million ($232 million) in investment in its first year.
DOE awards $500m to clean energy projects
Treasury Secretary Tim Geithner and Energy Secretary Steven Chu today announced $502 million would be distributed to clean energy projects in the first round of awards from the stimulus package passed in February.
Green shoots
Will the US Department of Energy's stimulus funding provide the financing required by the renewable energy sector?
Bursa Malaysia sets up Shariah-compliant commodity platform
Commodities exchange Bursa Malaysia has signed an agreement with 26 companies to launch a Shariah-compliant commodity trading platform, Commodity Murabahah House (CMH).
Financial crisis hits European Energy Exchange
Trading volumes at the European Energy Exchange (EEX) have slumped in the first half of 2009 after years of continuous growth. An EEX report highlights a particular decline in power derivatives volumes traded by financial institutions, despite a boost in…
Government initiates $3bn renewables programme
The US Treasury and Department of Energy today announced today a $3 billion funding programme for the development of renewable energy projects, as well as publishing application guidance for obtaining funds.
Changing landscape
Not a year has passed since Energy Risk's 1994 launch without M&A activity between energy companies, banks or brokers. Roderick Bruce & Pauline McCallion chart the M&A history that forms today's players
FCStone announces merger deal
International Assets Holding Corporation and FCStone Group have signed a definitive agreement to merge in a share swap, creating a combined company with a market capitalization of approximately $260 million.
Glencore considers IPO
Swiss commodity trading giant Glencore is rumoured to be considering an initial public offering (IPO), according to the Financial Times.
EEEM sees rising returns thanks to climate change investment
Energy efficiency and energy management (EEEM) received over $184billion of climate change stimulus funds and saw the strongest returns, rising 16% year to date, of the four climate sectors outlined in the latest quarterly review of the HSBC Climate…
S&P launches a new version of GSCI index
Standard and Poors (S&P) has launched a new version of its GSCI commodity market index.
Saxo Bank lowers barriers for entry with launch of commodity CFDs
Copenhagen-based investment bank Saxo Bank has launched its first contracts for difference (CFDs) for investors in commodities, which the bank says will lower barriers to trading energy, metals, soft commodities and grains.
Renewables see more investment than fossil fuels in 2008
Renewable energy attracted $155 billion of investment compared with $110billion for fossil fuels in 2008, according to a report by the United Nations Environment Programme (UNEP) released this week.
It’s all relative
Funds based on relativevalue arbitrage strategies have performed better than most. By Richard Jackson
Macquarie to acquire Canadian energy firm
Macquarie Group has announced a C$116 million agreement to acquire Tristone Capital Global, a Canadian energy advisory firm, and create an integrated energy platform offering advisory, capital markets, research and trading expertise.
Calyon and EDF Trading form partnership
EDF Trading has formed a trading partnership with Calyon, the corporate and investment banking arm of the Crédit Agricole Group.
Goldman's commodity record
Record results for first-quarter 2009 commodity trading driven by competitive dynamics, wider margins and liquid transactions