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Royal Bank of Scotland

Opinion

Going beyond greenwashing

Royal Bank of Scotland (RBS) Group has pledged to stop lending and offering underwriting services to major oil and gas producers if they do not have credible transition plans in line with Paris climate agreement targets.

Renewables/Energy Transition

Floating solar power sector has “considerable” bank support

A major bank’s decision to throw its weight behind a floating solar power scheme shows the sector is rich with commercial potential, bosses at engineering consultancy OST Energy said. OST acted as technical adviser for Royal Bank of Scotland (RBS) during the early stages of the project to bring Europe’s largest floating photovoltaic solar project to financial close earlier this year. The 6.3 Megawatt peak (MWp) array, installed by Lightsource Renewable Energy, is the first project of its kind to secure European bank financing.