25 Sep '14, 4pm

Bank of America announces $10 billion initiative to boost #cleanenergy investments - #renewables

an initiative designed to stimulate at least $10 billion of new investment into clean energy projects. According to the company, the Catalytic Finance Initiative will focus on developing or advancing innovative financing structures that reduce investment risk, thereby attracting a broader range of institutional investors. "We want to take a leadership role in helping remove barriers to investment in clean energy projects around the world," says Brian Moynihan, Bank of America's CEO. "The capital we commit and our strong global client and institutional investor relationships can lead to considerable additional investments in a lower-carbon future." As part of the initiative, Bank of America says it will commit $1 billion in capital to investment structures that employ a range of de-risking tools, developed in conjunction with development finance institutions (DFIs), insuran...

Full article: http://www.nawindpower.com/e107_plugins/content/content.p...

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