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 […]

Santander banks on LEDs to halve energy use

Santander is to replace all its lighting with LEDs, thanks to a £17.5 million fund. The UK Green Investment Bank (GIB) and Sustainable Development Capital Limited (SDCL) are investing the cash in what is believed to be the nation’s largest fully-funded LED retrofit programme. More than 90,000 energy-saving lights will be installed across Santander’s 800 […]

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 […]

BIS £100m fund paves way for Green Investment Bank

Government funding of £100million for green investment announced today “paves the way” for the Green Investment Bank, according to the UK Trade & Investment. The Green Investment Bank will be the world’s first national lending body for low carbon businesses and is expected to open later this year following state aid approval. UK Green Investments (UKGI), […]