An anaerobic digestion plant to be built in Nottinghamshire has secured an investment worth £13 million. The new facility, which is expected to have a capacity of 2.2MW, will power a combined heat and power plant, supplying electricity and heat to local businesses and any surplus electricity will be supplied to the country’s grid. It will […]

The Green Investment Bank (GIB) is to provide £80 million for the construction of an energy from waste combined heat and power (CHP) plant in Kent. The 43MW facility will generate renewable electricity for the grid and heat for Kemsley Paper Mill. It is expected to produce up to 154GWh of green power and 180GWh […]

ENGIE has announced it will buy green power from a £25 million combined heat and power (CHP) plant in North Wales. It has signed a power purchase agreement (PPA) with Equitix to buy all the electricity generated from the 4.8MW plant which is expected to produce 32GW of renewable energy annually. The site, which received […]

A 5.4MW combined heat and power (CHP) plant in north Wales will receive an investment worth £25 million. The money from the Green Investment Bank (GIB) and Equitix will support the construction of the facility, which is expected to generate around 34GWh of clean electricity per year. That’s equivalent to powering 2,400 homes annually. The […]

Stirling Council is expected to save £31 million by installing energy efficient lighting. It is borrowing £9.87 million over four years using the Green Investment Bank’s (GIB) ‘Green Loan’, which offers a low, fixed-rate financial arrangement over a period of up to 30 years. The council plans to install LEDs instead of traditional sodium bulbs […]

The Green Investment Bank (GIB) has unveiled details of its plans to set up a Special Share. It aims to protect the bank’s green missions and will be held by a separate company independent of the GIB and the UK Government. In a report, the institution stated it has held a general meeting with the bank’s shareholders and the […]

The UK Green Investment Bank (GIB) is supporting two renewable energy projects in Scotland. It is one of three investors in Albion Community Power (ACP), which has committed nearly £5 million to the development of hydropower schemes in the Highlands. The projects – 500KW Liatre Burn on the Glen Cannich estate and 500KW Abhainn Bruachaig […]

The UK Government has today launched the privatisation process of the Green Investment Bank (GIB). The transaction will involve both the sale of existing shares owned by the government and the commitment of additional capital by private investors. GIB’s privatisation will maximise investment into green energy projects by attracting greater private sector funding, according to the government, […]

The Green Investment Bank (GIB) has committed to expand a district heating scheme in Scotland. The GIB alongside Equitix have acquired Ignis Biomass, the owner and operator of a 3.5MW combined heat and power (CHP) plant in Wick for £9.8 million. They will upgrade the CHP plant to extend the district heating system to connect 150 […]

Centrica has agreed to offload its interests in three wind farms in the UK. A consortium, which includes the Green Investment Bank (GIB) Offshore Wind Fund and funds managed by BlackRock, has bought the shares for £423 million. The British Gas owner and its 50% joint venture partner EIG sold their shares in the 26MW […]