Macquarie Group announces £500m green loan

It will support eligible projects including renewable energy and energy efficiency

Macquarie buys 50% stake in environmental monitoring firm

Australian bank Macquarie said it is buying a 50% stake in an environmental monitoring company. British firm Spectris’ subsidiary Brüel & Kjær (EMS B&K) specialises in offering continuous environmental monitoring to infrastructure and mining firms, enabling real-time compliance and improving the operational efficiency of those subject to constraints such as noise and air pollution. For example, […]

Green Investment Group completes bioenergy sale

The Green Investment Group (GIG), previously the Green Investment Bank (GIB), has completed selling off shares across 70MW of bioenergy assets across the UK. The deal with the Bioenergy Infrastructure Group drew to a close with the sale of the group’s 25% share of the Hoddesdon waste energy facility in Hertfordshire. Expected to be completed […]

Lightsource-Macquarie enter Indian solar partnership

Lightsource Renewable Energy and Macquarie have teamed up to develop and buy large scale solar power assets in India. The initial asset for the partnership will be Lightsource’s 60MW project in the state of Maharashtra, which will consist of more than 200,000 panels. It is expected to generate enough clean electricity to power around 20,000 […]

Green Investment Group invests £38m on energy recovery

Green Investment Group (GIG) is providing £38 million in financing for a large-scale waste-to-energy facility in the UK. It is the first investment under Australian Bank Macquarie’s ownership, prior to which it was called the Green Investment Bank. Wheelabrator Technologies will use the funding for the construction of Ferrybridge Multifuel 2 (FM2) near Knottingley in […]

UK’s £2.3bn Green Investment Bank sale completed

The UK Government has officially transferred ownership of the Green Investment Bank (GIB) to its new private sector owners. Australian bank Macquarie has now taken over the bank, headquartered in Edinburgh, in a £2.3 billion deal, which previously drew criticism from some politicians and environmentalists. The government however decided that moving the GIB into the […]

EU clears joint control of UK green bank’s wind farms

The European Commission has approved the joint takeover of nine wind farms from the UK Green Investment Bank (GIB). Located off the coast of England and Wales, they are now owned by Australia’s Macquarie Group and the UK’s Universities Superannuation Scheme Limited (USSL). The news follows the £2.3 billion sale of the GIB to the Macquarie […]

Australian bank sells final stake in Thames Water

Macquarie Infrastructure and Real Assets (MIRS) has sold off its final stake in Britain’s biggest water supplier Thames Water. It follows the 11 years of the Australian bank’s investment, with the 26.3% interest now to be owned by Canadian pension fund Omers and Kuwait Investment Authority. The companies snapped up the stake in Kemble Water, […]

UK green bank bidder launches legal action over sale

A bidder for the UK’s green bank has launched a legal challenge to the government’s decision to provisionally award the deal to Australian investment bank Macquarie. Sustainable Development Capital (SDCL) alleges Macquarie’s preferred bidder status for the Green Investment Bank (GIB) “was not compliant” with the criteria set out by the government. SDCL states: “The […]

UK carbon tax could add 10% to bills finds bank

The UK’s tax on carbon could add 10% to energy bills, analysts at investment bank Macquarie believe. In an equities research report, they suggest that from an “environmental, economic and taxation point of view” it is “counterproductive” and “therefore unsustainable”. The carbon price support is effectively a tax levied by the Treasury on fossil fuels. […]