Business Initiatives

Merrill Lynch pioneers investments across all sectors of the clean energy industry. We have generated high profile success, as evidenced by:

Merrill Lynch Transactions

Renewable and Clean Energy

  • Iberdrola Renovables, the renewable energy division of Spanish utility company Iberdrola S.A., and the largest-ever clean energy IPO.
  • Hansen Transmissions International, a Belgian manufacturer of gearboxes for the wind turbine industry.
          Winner of IPO of the Year. This initial public offering was cited as IPO of the Year by Environmental Finance magazine.
  • Climate Awareness Bond. Merrill Lynch was one of the lead arrangers of the European Investment Bank's "Climate Awareness Bond". Bond proceeds are earmarked for future projects in the fields of renewable energy and energy efficiency.
Merrill Lynch Principal Investments

Solar
  • Gintech, a leading solar panel manufacturer in Taiwan.
Water
  • China Hydro, a hydroelectric power generation company in China.
Geothermal
  • Vulcan Power, a geothermal power development company in the U.S.
Carbon
  • Core Carbon Group, a Copenhagen-based company that invests in clean energy projects.
  • Asset4, a Swiss-based company that provides information on the Environmental, Social and Governance performance of the world's largest companies.
Carbon Emissions Markets

Merrill Lynch is a top market maker in the global carbon emissions markets. We are a trader, an originator and a broker of services across a wide range of carbon-related products, including:

  • We Introduced Merrill Lynch Green and Goldsm, a full-service offering for companies that wish to develop a carbon strategy and voluntarily reduce their firms' carbon emissions.

  • Merrill Lynch is working with Fauna and Flora International and Carbon Conservation to finance the world's first avoided deforestation project eligible to earn carbon credits in Ulu Masen, Aceh, Indonesia.

          Winner of Carbon Finance Transaction of the Year. Our work to protect forests in Aceh, Indonesia was named Carbon Finance Transaction of the Year by Environmental Finance magazine.