UK’s green bank invested £635m in 11 energy projects

The UK’s Green Investment Bank (GIB) has made a positive start, investing £635 million in 11 low carbon projects in the last five months of operation. They include offshore wind, energy efficiency, waste recycling and waste-to-energy projects and are expected to help cut 2.5 million tonnes of greenhouse gas emissions a year – equivalent to […]

UK green bank backs biomass projects

A London-based investment firm has announced a £10 million fund to replace inefficient heating systems in public and private facilities with biomass boilers. Equitix is investing £4.9 million through its Energy Saving Investment fund, in which the UK’s Green Investment Bank (GIB) is an investor. It is also sourcing a further £5.1 million from its […]

Green Investment Bank opens wallet for first time on wind

The Green Investment Bank has opened its wallet for the first time – on an offshore wind project. The bank bought a quarter (24.95%) of the Rhyl Flats wind farm from German power firm RWE for £57.5million. The first buy for the UK’s new lending body for green energy projects is designed to free up […]

UK ‘green’ bank’s first efficiency investment

The UK’s “green” bank has made a £50 million commitment for energy efficiency projects in an effort to help businesses cut energy bills. The Green Investment Bank (GIB), officially opened yesterday, provided the cash to Sustainable Development Capital (SDCL) for its ‘Energy Efficiency Investments Fund’. It will give £5 million from the investment to Kingspan […]