EU funded wind farm opens in Sweden

Sweden’s first energy project to be funded under the European Fund for Strategic Investments (EFSI) has been officially opened. The Långmarken wind farm in Kristinehamn, which was backed by the European Investment Bank (EIB) and renewable energy firm Mirova, is made up of eight 3.3MW wind turbines, giving the site a total capacity of 26.4MW. […]

RBS hits £1bn milestone for green loans

Royal Bank of Scotland (RBS) more than doubled its lending for sustainable energy projects las year. It provided around £1 billion of loans to businesses including SMEs and large corporates looking to become more energy efficient. RBS said the rise was driven by “significant increases” to solar and biomass projects, with lending for PV projects […]

Banks “not interested” in lending to businesses for energy efficiency

Businesses hoping to invest in energy efficiency don’t get enough support from banks – with some banks showing no interest in energy saving projects. New research from Siemens Industry and the Energy Institute found nearly nine out of ten businesses (88%) having a negative experience. In a survey of more than 300 senior energy specialists […]

'Energy efficiency market is tricky to lend cash to'

The market for energy efficiency products is so “fragmented” it’s tricky to lend money to, says the man responsible for dishing out millions of pounds of government funding to the sector. Gregor Paterson-Jones (pictured right), the Managing Director for the Green Investment Bank’s energy efficiency division told the audience at Energy Live 2013 this week: […]

Morgan Stanley man joins UK’s green bank

The UK’s new green lending body will take on ex-Morgan Stanley managing director Robert Mansley to work on capital markets. The Green Investment Bank (GIB) is the world’s first national bank for sustainable technologies and has a starting pot of £3billion to dish out. It became fully operational in October 2012 although there have been […]

RBS biggest lender to UK renewables

RBS was the biggest lender to renewables projects in the UK last year, lending more than double any other bank, according to the bank’s latest Sustainability report out yesterday. RBS loaned more than £228m  to UK renewable projects last year, according to figures from Infrastructure Journal. Across the sector, lending increased by nearly 200% on […]