East Anglia Three will be the second largest offshore wind farm in the world and supply enough energy for 1.3m homes

The announcement has been made as part of the bank’s 2025 Sustainable Progress Strategy to help accelerate the transition towards a low carbon economy

Citigroup has pledged to invest $100 billion (£64.7bn) in the next 10 years for projects that reduce the impacts of climate change. The bank, believed to be the third largest US financial institution, said it will use the cash to finance green initiatives such as managing waste and making buildings more energy efficient. It is […]

Global bank Citi hopes to reel in the savings by cutting its London data centre’s energy use by 10%. Its the first project in the financial services sector backed by the UK Green Investment Bank (GIB). The green lending group is stumping up £5.2 million via its fund manager Sustainable Development Capital (SDCL). A Combined […]

Small businesses in London are being offered a package worth £20,000 to come up with innovative solutions to reduce the capital’s electricity demand at peak times. Mayor Boris Johnson is calling on firms to submit “21st Century solutions” that will incentivise households to avoid using electricity when demand is high to reduce pressure on the […]

Investors have been warned that Scotland could be a risky place to put money into renewable projects by a leading financial analyst firm. Citi’s latest report warns that two key Scottish policies – plans for a referendum to break away from the UK and an “aggressive” strategy to develop renewable energy – could be incompatible. […]