GIB invests £2.3bn in green energy projects

The Green Investment Bank (GIB) has funded £2.3 billion in green infrastructure projects since it was launched three years ago. The London-based bank invested in 58 projects worth £10.1 billion. Its […]

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By Jacqueline Echevarria

The Green Investment Bank (GIB) has funded £2.3 billion in green infrastructure projects since it was launched three years ago.

The London-based bank invested in 58 projects worth £10.1 billion.

Its investments once operational, they are expected to produce enough renewable energy to meet the annual electricity needs of every home in the UK.

They will also reduce emissions equivalent to removing nearly every car from the roads in Scotland.

 

Shaun Kingsbury, Chief Executive at GIB said: “We operate as a specialist investor in a niche but fast-growing area of financial services. Our focused team of market experts has moulded a flexible and creative investment strategy that has played a major role in establishing a commercial market for green infrastructure investment in the UK.”

Potential investors for the Green Investment Bank (GIB) will be asked to confirm their commitment to its green values.