An “unprecedented” level of investment will be needed in the coming years to ensure countries can meet the requirements set out in the Paris Climate Agreement.
Green Investment Bank
National investment banks are well known around the world. They can work well. Though most are not “banks” and so not regulated as such.
A influential group of MPs has branded the Government's sale of the Green Investment Bank (GIB) as "deeply regrettable", claiming Britain's green objectives have been sacrificed in favour of driving down debt.
Ownership of Green Investment Bank (GIB) has been passed on to Macquarie from the UK Government in £2.3billion deal.
The Government is selling the Green Investment Bank to Australian firm Macquarie for £2.3 billion.
A controversial plan to sell off the Green Investment Bank (GIB) to an Australian investor may be scrapped in favour of a £3.8billion stock market flotation, it has been reported.
The UK’s Green Investment Bank could be killed off if the Government goes ahead with plans to sell it, Green Party co-leader Caroline Lucas has said.
Stirling is set to save £31million on street lighting after receiving funding to install energy saving street lights.
The Green Investment Bank is to be sold off by the Government in a bid to drive more private money into green energy projects. The Government will fire the starting pistol on the sale on March 3 when it invites private investors to express an interest.
Green-energy projects worth more than £10billion have enjoyed support from a three-year-old specialist investment bank which has its headquarters in Scotland.
Renewable energy developer Albion Community Power (ACP) yesterday secured a further £10million investment as it seeks to build a £100million fund for small-scale biogas, hydro-electric, solar and wind projects. Greater Manchester Pension Fund (GMPF) is pumping the latest cash into the fund, which in February raised £50million from the Edinburgh-based UK Green Investment Bank (GIB) and £10million from the Strathclyde Pension Fund. When he unveiled the fund back in February, the-then business secretary Vince Cable said it would provide equity finance of between £1million and £10million community-scale schemes, including run-of-river hydro schemes, wind turbines on brownfield sites such as industrial estates, and biogas produced at landfill sites and from anaerobic digesters.
The UK Green Investment Bank has confirmed the acquisition of a £236m stake in the 400MW Rampion Offshore Wind Farm. The project has been developed by E.ON, which will continue to own the remaining shares in the joint venture.