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UK carbon price floor to start at £16 per tonne
The UK budget announced this week by Chancellor of the Exchequer George Osborne has set the carbon price floor at £16 per tonne, which will move towards a target price of £30 per tonne in 2020.
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Market-based solutions key to UK government’s green budget aims
A focus on market-based solutions will ensure the UK government is the ‘greenest ever’, according to the country’s annual budget announced this week.
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Should Green Investment Bank be located in Edinburgh?
According to the Edinburgh Chamber of Commerce, a member-led business community, it should. The group has made the case for the UK’s first Green Investment Bank to be located in Edinburgh, based on the...
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UK fights over Green Bank’s focus
As the UK prepares to commit to stricter legally binding emissions cuts, political wrangling over the reach of the proposed Green Investment Bank is still continuing over what the focus of the...
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UK’s Green Investment Bank set for April 2012
The UK’s long awaited Green Investment Bank will be set to make investments from April 2012 with priorities being offshore wind, waste and energy efficiency.
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Green Bank success dependent on Electricity Market Reform
Without adequate steps being taken in the UK government’s upcoming Electricity Market Reform, the Green Investment Bank will be rendered useless, according to a leading business spokesperson.
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Sir Adrian Montague to chair Green Investment Bank advisory team
Sir Adrian Montague, non-executive chairman of 3i, has been appointed as chair the Green Investment Bank advisory group, launched by Business Secretary Vince Cable today.
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Competition over where to house the Green Investment Bank heats up
With less than a year to go before the UK government’s flagship Green Investment Bank (GIB) begins lending, the clock is ticking as to where the bank will be located.
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Earlier borrowing would be better for Green Investment Bank: Climate committee
Moves by the UK government to catalyse financing in the renewable energy and cleantech sector by setting up a Green Investment Bank would be more effective if it had earlier borrowing powers, a key...
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UK’s Green Investment Bank ‘welcome’ development, say experts
The Green Investment Bank, which will open its doors in April 2012 with a £3bn cash injection from the UK government, is a welcome and significant addition to the country's renewable energy policy mix,...
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UK’s Green Investment Bank announces appointments
The UK government has announced the advisory board for its Green Investment Bank. It is to be chaired by Sir Adrian Montague and will advise UK ministers on the bank and the strategic direction it...
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Scotland calls for Green Investment Bank to be based in Edinburgh
Scottish Energy Minister Fergus Ewing has called on the UK government to make Scotland the base for the Green Investment Bank.
View ArticleUK offshore wind becomes funding priority for GIB
The much-anticipated Green Investment Bank will make developing the country’s offshore wind sector a priority when it opens for lending in 2012.
View ArticleGreen Investment Bank to be headquartered in Edinburgh, have London base
UK Business Secretary Vince Cable has revealed that the headquarters of the Green Investment Bank will be in Edinburgh, with the transaction team based in London.
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UK cleantech sector reacts to Edinburgh becoming home to Green Investment Bank
The decision that the Green Investment Bank will be headquartered in Edinburgh has buoyed those involved with Scotland’s blossoming renewable sector.
View ArticleGerman KfW to support creation of UK’s Green Investment Bank
German development bank KfW is set to provide support and experience to the creation of the UK’s Green Investment Bank.
View ArticleGreen Investment Bank to shy away from taking technology risks
With many believing the UK’s proposed Green Investment Bank will take on risks that other investors are not prepared to shoulder, the executive director of the bank’s new team, warned against this...
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UK’s REA pushes for rethink in renewable energy strategy
Green energy discussions are too narrow and authorities should rethink what the concept of ‘renewable energy’ really means, according to the CEO of the Renewable Energy Association.
View ArticleUK Energy Secretary warns of green ‘investment squeeze’
Edward Davey, UK Energy and Climate Change Secretary, has warned that tough fiscal conditions are leading to a slowdown in growth concerning green investment and argued everyone needs to make an effort...
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UK’s Green Investment Bank sets out funding priorities
The UK’s much anticipated Green Investment Bank has set out five priorities that it will inject capital into when it launches later this year.
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UK Business Secretary turns on to renewable energy
UK Business Secretary Vince Cable has seen firsthand the benefits of waste treatment and renewable energy at a site in Dorset, UK, managed by New Earth Solutions.
View ArticleGreen Investment Bank’s borrowing powers may be delayed to post-election
The borrowing powers of the UK’s much anticipated Green Investment Bank may be delayed until after the next election, according to a new critical report.
View ArticleNow open UK Green Investment Bank to create Scottish sustainability jobs
A Scottish Liberal Democrat MP said the Green Investment Bank, which launched earlier this week, will create the sustainable jobs that Scotland needs.
View ArticleVince Cable says ‘community aspect’ missing from onshore wind at NewNet event
UK Business Secretary Vince Cable used a speech at today’s NewNet event to reaffirm government commitments to low carbon energy and in particular onshore wind.
View ArticleStock round-up: UK cleantech policy fails to lift European stocks
This week saw the long-awaited release of the UK Energy Bill, a piece of policy likely to have ramifications throughout Europe.
View ArticleUK Autumn Statement Update: Gov says ‘no need’ for Green Investment Bank to...
The Green Investment Bank’s ability to operate fully may be delayed until 2016/2017 as the UK Chancellor pushes back debt targets with a spokesperson telling NewNet post-2016 all funding commitments...
View ArticleDrax gets Green Investment Bank support for biomass plans
The UK Green Investment Bank (GIB) has provided financing needed by Drax Group for it to progress with its biomass conversion plans.
View ArticleUK Green Investment Bank makes first direct investment with Rhyl Flats wind deal
The UK Green Investment Bank has made its first direct equity investment in offshore wind through the acquisition of a 24.95 per cent stake in Rhyl Flats Wind Farm from RWE for £57.5m.
View ArticleUK’s Green Investment Bank gives £18m for green NHS project
The UK’s Green Investment Bank will provide £18m in funding towards a new energy innovation centre Cambridge University Hospitals NHS Foundation Trust.
View ArticleUAE set to invest £1bn into UK green energy
Abu Dhabi is in talks with the UK government to invest up to £1bn in alternative energy schemes alongside the state-owned Green Investment Bank.
View ArticleUpdate: UAE’s Masdar confirms investment into UK green energy
Abu Dhabi’s state-backed renewable investment company Masdar has confirmed it will invest up to £1bn in alternative energy schemes alongside the Green Investment Bank.
View ArticleMasdar’s partnership with UK’s GIB could see £2bn pumped into green infra
A partnership between Abu Dhabi’s state-backed renewables investment company Masdar and the UK’s Green Investment Bank may result in up to £2bn of investment into the country’s alternative energy schemes.
View ArticleUK’s Green Investment Bank sparks £2.3bn infrastructure investment
The UK Green Investment Bank (GIB) mobilised £2.3bn of investment into the country’s green infrastructure in its first five months of operation, new figures show.
View ArticleScottish LED lighting scheme to pitch for Green Investment Bank funding
A nationwide programme to convert street lighting to more energy efficient LEDs will be brought forward by the Scottish government to the Green Investment Bank for investment consideration.
View ArticleUK Green Investment Bank appoints Euan McVicar as General Counsel
The UK Green Investment Bank (GIB) has appointed Euan McVicar as its General Counsel.
View ArticleGIB-backed Equitix fund makes financing available for biomass boilers
Energy Saving Investments, an Equitix managed fund in which the UK’s Green Investment Bank (GIB) is a cornerstone investor, has participated in a £10m financing deal into biomass heating through sector...
View ArticleUK’s GIB moves into construction funding as it appoints two new MD’s
The Green Investment Bank has appointed new managing directors for non-domestic energy efficiency and offshore wind, which will see the bank move into construction funding for new offshore wind...
View ArticleUK’s Green Investment Bank mobilises £2.3bn since inception
The UK’s Green Investment Bank has a struck 11 deals mobilising investment of £2.3bn since its inception five months ago, its first annual report shows.
View ArticleWorld’s largest offshore wind farm the London Array officially opened
Today’s marks the official opening and completion of the first phase of the £1.8bn London Array project, the world’s largest offshore wind farm created by the consortium of Dong Energy, E.ON, and Masdar.
View ArticleUK Green Investment Bank appoints Gavin Templeton
The UK Green Investment Bank has appointed Gavin Templeton as head of sustainable finance, where he will oversee the sustainability, green impact, and technical teams.
View ArticleUK’s Green Investment Bank appoints new waste and bioenergy head
The UK's Green Investment Bank has appointed a new managing director for waste and bionergy.
View ArticleUK Green Investment Bank refinances Masdar’s stake in world’s largest wind farm
The UK Green Investment Bank has successfully refinanced Masdar’s stake in the world’s largest operational wind farm – the London Array.
View ArticleUK Green Investment Bank targets profitability alongside impact
The UK Green Investment Bank has released more detail as to its framework for determining, assessing, managing and reporting the green impact of its investments.
View ArticleGreen Investment Bank provides £20m for waste-to-energy plant
The UK-based Green Investment Bank is to provide £20m in debt financing as part of the £244m needed for development of a rail interchange and energy recovery centre.
View ArticleSuez subsidiary signs $760m contract for UK GIB-funded waste-to-energy plant
Suez Environment's subsidiary SITA has signed a $760m contract with the West London Waste Authority to recover energy from household waste over a term of 25 years.
View ArticleGreen Investment Bank forms £50m alliance with Societe Generale for energy...
The UK Green Investment Bank has formed a £50m alliance with Societe Generale Equipment Finance, with each institution committing half, to finance energy efficiency projects.
View ArticleUK Green Investment Bank invests £24.5m in turkey farm renewable energy boilers
The UK Green Investment Bank and Equitix are set to invest £24.5m into installing renewable energy boilers at Bernard Matthews' turkey farms.
View ArticleUK’s Green Investment Bank commits £51m for waste-to-power plant
UK's Green Investment bank has committed £51m to a waste-to-power plant project that will be located in Norfolk in the east of England.
View ArticleUK Green Investment Bank plunges £461m into offshore wind amid private sector...
UK Green Investment Bank has spent £461m buying stakes in two British offshore wind projects in a bid to bolster the sector as large private sector companies pull back.
View ArticleGreen Investment Bank, Aviva team up to invest £3.1m in UK CHP plant
The UK Green Investment Bank and Aviva Investors are each investing £1.1m in a new £3.1m MW combined heat and power unit at Cheltenham General Hospital.
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