Green sprouts in The City

The week in clean energy saw yet another green IPO on London's exchange, global solar profitability continue its resurgence and biofuels take a hit from US investors.

Infinis Energy, a renewable energy company backed by financier Guy Hands, raised £234 million ($400 million) in an initial public offering in London last week after pricing shares at the bottom of the range.

At 260 pence per ordinary share, the UK’s largest generator of power from landfill gas was valued at £780 million ($1.34 billion). That compares with an initial range for the share sale of 260 pence to 310 pence.


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