Fengate Capital Management has finalized the purchase of two solar parks for C$110 million, its first investment in the United Kingdom. The two solar parks were co-developed by Kinetica Solar and WElink Energy and are the 39 MW Raventhorpe site in North Lincolnshire, England and the 7 MW Roanhead site in Cumbria, England. Raventhorpe is the UK’s sixth largest solar park and the largest solar park in the Fengate portfolio.- Not all air pollution is the same when it comes to human mortality risk – some sources produce far more toxic particles than others, according to a study led by researchers from NYU Langone Medical Center and published online today in the journal Environmental Health Perspectives. Sources of fossil fuel emissions, including coal-fired power plants and diesel vehicles, were found to generate the most toxic particles of the sources examined in the first nationwide study of its kind, which included nearly 450,000 participants in 100 U.S. cities.
- On the heels of news announced in Paris that a record number of institutions have made divestment commitments—a new investment vehicle launched stateside is the first publicly-traded index fund that invests in S&P 500 companies that do not own reserves of coal, gas or oil. State Street Global Advisors investment firm created the SPDR S&P 500 Fossil Fuel Free Exchange Traded Fund (SPYX) with the support of NRDC. It is designed to meet the needs of climate conscious investors seeking to eliminate fossil fuel reserves from their portfolio while maintaining exposure to the core of the S&P 500 Index.
- NuPower Renewables, one of India’s leading IPPs (Independent Power Producer) in the renewable energy sector, has commissioned another 30 MW wind power project in Vaspeth village of Sangli district in Maharashtra. This wind power project is built from end to end on a self-development basis with 2.05 MW wind turbines manufactured by NuPower with advanced German technology from Wind-to-Energy (W2E), GmbH.
