World’s first offshore wind fund assets pass £1bn

The world’s first dedicated offshore wind energy fund has passed its £1 billion asset target. The Green Investment Bank Financial Services (GIBFS) Offshore Wind Fund hit the milestone with the acquisition of its sixth asset, a 44% stake in the Lincs wind farm off the coast of Skegness. The share in the 270MW site was bought for […]

Ex-Centrica boss heads $5bn oil and gas fund

The former boss of UK energy company Centrica is to head a new $5 billion (£3.3bn) fund to buy oil and gas assets globally. London-based Neptune Oil and Gas is backed by private equity firms Carlyle Group and CVC Capital Partners. It will focus on investing in large-scale fields and companies in the North Sea, […]

Welsh Water pledges £160k for environmental projects

Dwr Cymru Welsh Water has pledged to invest £160,000 in environmental projects. Funding from the not-for-profit company will be available to voluntary and community groups through two schemes. The ‘Water Framework Directive Funding Scheme’ is receiving £100,000 for projects that aim to improve inland, ground or coastal waters. It will also help implement the objectives of the […]

Lithuania bags €150m for energy efficiency

The European Investment Bank (EIB) has launched a €150 million (£108m) fund to boost energy efficiency in Lithuania. The project called ‘Jessica II’ is expected to help cut energy bills in hundreds of Lithuanian multi-apartment buildings. It follows on the success of the project’s first phase, which has seen up to 250 buildings refurbished. Around 1,000 buildings […]

Greener taxis and fire engines to hit UK roads

More than 1,000 buses, taxis, fire engines and ambulances across the UK are to be fitted with pollution reducing technologies. The Government announced 17 successful bidders for the £5 million Clean Vehicle Technology Fund (CVTF) yesterday and allocated an extra £50,000 of funding to help local authorities monitor the results of their clean technology projects. […]

Scotland launches £3.8m recycling fund

A £3.8 million fund for waste sorting and recycling projects has officially been launched in Scotland. Businesses can submit proposals for sorting, repairing and reprocessing waste materials, including plastics, tyres, textiles, glass, waste electrical equipment and industrial food and drink processing waste. They can bid for a minimum of £50,000 and a maximum of £1.9 […]

Scots urged to use energy fund worth £74m

Scots have been urged to take advantage of £74 million of government cash available to help them cut their energy use by making their homes more efficient, warmer and greener. The Scottish Government launched a new national campaign this week to ensure householders know what energy initiatives they are entitled to. It’s all part of […]

Bids invited for innovative low carbon heating networks

Local authorities in England and Wales are being invited to bring forward innovative proposals to develop low carbon heating and cooling networks and bid for their share of a £6 million fund. The Government is launching the grant scheme for technologies that draw heat energy “as much as possible” from renewable, sustainable or recoverable sources […]

New £20m pot for businesses that cut energy use

Businesses could receive financial incentives for cutting the amount of electricity they use through a new pilot scheme announced yesterday. British firms and other organisations such as charities that install more efficient motors, air conditioning and lighting could get cash from a fund worth up to £20 million for reducing their energy usage. Energy Secretary […]

Investment fund buys Norfolk solar farm for £17m

An investment fund focusing on large-scale solar projects has agreed to buy a solar farm in Norfolk for £17 million. The farm of solar panels on an agricultural site near Hardingham is expected to start generating power in December and will be one of the largest in the region. Bluefield Solar Income Fund – which […]