"Green" Bonds Gaining Momentum with Investors
The main obstacle facing cleantech generally is that it tends to be more expensive than what it’s replacing, but here’s an example of the opposite case. 2GreenEnergy associate Lindsay Oliver sent me this article on “green” bonds that are gaining favor in the market, and are used to fund the development of renewable energy projects. They’re selling like hotcakes, precisely because investors love the value: the three-year, triple-A rated bonds, unwritten by Citigroup, J. P. Morgan and Morgan Stanley, currently yielding 15 basis points above the comparable U.S. government securities.