UK financing fossil fuel projects overseas ’emitting 69m tonnes of emissions’

The projects are backed by UK Export Finance – a government agency in the Department for International Trade – that provides loans and financial guarantees to UK companies involved in major projects around the world

UK solar firm secures £47.6m for major projects in Spain

The subsidy-free plants will together generate enough electricity to power more than a quarter of a million homes every year

UK commits £230m for offshore wind farm in Taiwan

The project supports Taiwan’s target of generating 20% of its electricity from renewable energy sources by 2025

UK pledges export support for global climate change adaptation

International Trade Secretary Liam Fox also announced an agreement between UK Export Finance and AECOM to promote the nation’s expertise in climate resilience

UK supports power plant refurbishment in Iraq

Siemens has won a contract to upgrade one of the four 320MW turbines

UK provides £770m for two new power stations in Iraq

GE Grid Solutions will also develop 14 substations under an agreement with Iraq’s Ministry of Electricity

MPs launch inquiry into UK Export Finance’s fossil fuel investments

The Agency is estimated to have provided £551m per year in support of fossil fuel production overseas between 2014 and 2016

Barclays launches Green Trade Loans

Qualifying activities for funding include energy efficiency, renewable energy, green transport and waste management projects

Gas turbine project in Iraq secures $211m UK funding

UK Export Finance (UKEF) is to provide $210.8 million (£148.9m) to help General Electric (GE) Global Services secure a landmark gas turbine contract in Iraq. The project will upgrade and repair existing turbines across 10 sites to deliver an improved and secure power source, able to generate 6.5GW of capacity and powering millions of homes across […]

UK grants $17m for gas-fired power plants in Iraq

UK Export Finance (UKEF) is providing $17 million (£13m) for two firms to deliver power projects in Iraq. Enka UK and General Electric (GE) will use the financing for the construction of two 150MW gas-fired power plants at Dhi Qar and Samawa in southern Iraq. They are expected to help alleviate severe energy shortages in […]