Citigroup Sees Capital Markets Reviving Renewables

Renewable-energy companies will derive more of their funding from bond markets as banks curb lending to the industry, Citigroup Inc.’s head of environmental finance said.

Green-bond sales and initial public offerings will expand after kicking off last year, Michael Eckhart said by telephone. Bonds backing clean-energy and environmental ventures may account for 10 percent to 20 percent of the $7 trillion-a-year market for the securities within a decade, he said.