green investment bank
Green Investment Bank sold to Macquarie in £2.3bn deal
The UK Government has completed the sale of the Green Investment Bank (GIB) to Australian investment bank Macquarie today (20 April) for a sum of £2.3bn.
Minister responds to fears over GIB restructuring
Business and energy minister Nick Hurd has written to the head of the Environmental Audit Committee to respond to concerns over the restructuring of the Green Investment Bank ahead of its sale.
Budget 2017: Chancellor confirms electric vehicle funding, announces new recycling targets
BREAKING: Key proposals on the future of carbon pricing, renewable energy subsidies and air quality remain on the UK Government's 'to-do' list as Chancellor Philip Hammond offered relatively little for the green economy to get excited about in his 2017 Budget this afternoon.
Explanation demanded for GIB restructure
The chair of the Environmental Audit Committee has written to business and energy minister Nick Hurd to challenge government's plans to privatise the Green Investment Bank.
Is the Green Investment Bank sale on the rocks?
The future of the Green Investment Bank (GIB) was thrown further into doubt this week, as a rival bidder called for a Government rethink on the prospective sale to Australian bank Macquarie.
Fears mount over Green Investment Bank sale as MPs warn of asset-stripping
MPs have today (11 January) raised concerns over the proposed sale of the Green Investment Bank (GIB) to private investors in a letter which urges Business, Energy and Industrial Strategy (BEIS) Secretary Greg Clark to consider the bank's long-term role in the green economy.
Halt GIB sale to prevent asset stripping, says Barker
The Government should halt the sale of the Green Investment Bank (GIB) to prevent it being broken up and stripped of assets, former Energy Minister Greg Barker has insisted.
London councils commence innovative solar battery project and LED retrofit
Councils across London are kick-starting the capital's 'smart city' transformation, with a new LED retrofit backed by the Green Investment Bank (GIB) and an innovative solar battery project set to commence.
GIB commits £35m to North Wales energy-from-waste-plant
Green Investment Bank has committed £35 million of senior debt to the construction of a new energy-waste-plant in North Wales.
Nottinghamshire AD plant receives Green Investment Bank backing
A new anaerobic digestion (AD) plant in Nottinghamshire has received more than £13m funding from clean energy investors to supply 16,300MWh per year of renewable electricity and heat to local businesses.
UK chemical plant granted £7m for energy resilience project
A Green Investment Bank (GIB) supported fund has provided £7m to an energy efficiency project for a global chemical manufacturer, which could reduce greenhouse gas (GHG) emissions by an estimated 28,000 tonnes per annum.
Stirling turns to Green Investment Bank for 16,000 LEDs
Stirling Council looks set to reduce energy consumption in the city by 63% after securing a loan from the UK Green Investment Bank (GIB), which will see LEDs retrofitted in 12,000 lamps and 4,000 lamposts.
Business groups set five key tests for Green Investment Bank suitors
Commitments to keep the Green Investment Bank (GIB) at the forefront of the green infrastructure market and ensure the best standards of governance and transparency are among the measures against which any prospective buyers of the GIB should be assessed, according to civil society and business groups.
GIB delivers boost to Scottish district heating scheme as it goes up for sale
The Green Investment Bank (GIB) has announced plans to upgrade a district heating scheme in the north of Scotland, providing a major renewables boost to the region of Caithness.
Green Investment Bank in £423m windfarm acquisition
A consortium comprising of the UK Green Investment Bank (GIB) Offshore Wind Fund and funds managed by New York investment firm BlackRock, has acquired three UK wind farms in a deal worth £423m.
Green Investment Bank launches 'special share' protection against privatisation
The UK Green Investment Bank (GIB) will have an independent 'special share' introduced to protect its green mission principles once the move to introduce a privatised capital sell-off is completed.
NHS Trust to save £1.9m a year with energy efficiency upgrade
Salford Royal Hospital in Greater Manchester is expected to slash £1.9m from its annual energy bill thanks to a new efficiency programme part-funded by the Green Investment Bank (GIB).
GIB makes third investment in Northern Ireland's AD industry
The UK Green Investment Bank (GIB) and private equity group Foresight have committed to invest £1.7m in the construction of an anaerobic digestion (AD) plant in Northern Ireland.
Aviva bankrolls £15m NHS energy centre in Dundee
Asset management firm Aviva Investors has announced a new £15.4m commitment - partly funded by the UK Green Investment Bank (GIB) - to create a new energy efficiency programme and centre at NHS Tayside in Dundee.
GIB backs £10bn green projects in three years
In the last three years, the UK Green Investment Bank (GIB) has committed £2.3 billion to 58 green infrastructure projects with a total value of £10.1 billion, making it the most active investor in the UK's renewable energy and energy efficiency industries.
Climatescope surveyed and analyzed 55 important developing world nations in Africa, Asia and Latin America and the Caribbean to evaluate their ability and potential to attract capital for low-carbon energy sources and measure what has been achieved to date. The report focused particularly on India and China where 10 states and 15 provinces were examined in greater detail.
Green investment for Northern Ireland's largest EfW plant
A proposed Energy from Waste (EfW) plant in Belfast has received almost half of its funding from the UK Green Investment Bank (GIB) after it committed £47m of equity to the 15MW project.
£1.5bn Galloper windfarm in Suffolk to go ahead with new backers
Construction of a £1.5bn windfarm off the Suffolk coast is to go ahead in November with the creation of nearly 800 jobs, after three new partners were found to back the project.
Green Investment Bank steps closer to privatisation
Business Secretary Sajid Javid has confirmed plans to remove ministerial powers over the Green Investment Bank (GIB) in a major step forward towards the bank's controversial privatisation.
GIB raises £355m for world's first offshore wind fund
The UK Green Investment Bank (GIB) has raised £355m in the second tranche of investment for its Offshore Wind Fund, bringing the total value to more than £818m.
Big Switch: LED rollout would cut 2.3% of global emissions
If the world leapfrogged to LED lamps in all sectors, global electricity consumption for lighting would be reduced by more than half (52%), with 735 million tons of CO2 emissions avoided each year
North East set for green energy surge with two more CHP plants
Almost £300m is being invested in two new combined heat and power (CHP) plants in Northumberland and Durham.
Bristol saves £1m a year from 20,000 upgraded streetlights
A change of bulbs in 20,000 streetlamps in Bristol has seen the council save £1m a year on energy bills, reducing C02 emissions by 4,000 tonnes in the process.
Teesside set for world's largest combined heat and power biomass plant
Teesside is to be the site of the world's largest new power and steam biomass plant as part of a new £424m project.
Albion Community Power gains £10m boost for renewable projects
A major community-scale renewable energy scheme received a £10m funding boost today (10 August), closing in on its £100m funding target.
Labour frontrunner launches ambitious environmental manifesto
Labour leadership contender Jeremy Corbyn has announced a far-reaching green vision for his environmental policy in an announcement today (7 August).
Green Investment Bank funds £13.3m streetlight retrofit in Southend
Southend-on-Sea Borough Council has become the first local authority in England to secure finance from the UK Green Investment Bank (GIB) to replace its existing streetlights with low-energy alternatives.
Green groups urge Cameron to address 'woeful' environmental record
Leading environmental groups have written to Prime Minister David Cameron to criticise the scrapping of 10 green policies in the first few months of the new Conservative Government.
Lord Bourne: Green policy shake-up necessary to curb energy bills
EXCLUSIVE: After a flurry of shock green policy announcements, the Under Secretary of State at the Department of Energy and Climate Change (DECC) says such drastic changes were needed to drive down consumer bills.
Green Investment Bank seals future of Sheffield biomass plant
Developers of a new biomass plant in Sheffield have secured £30m funding from the UK Green Investment Bank (GIB) and fund managers Equitix.
Inside the Budget's 'climate-shaped hole'
It is 24 hours since the emergency budget, and the renewable energy sector is in a state of dismay following the new Government's decision to remove the exemption for renewables under the Climate Change Levy (CCL).
Summer Budget 2015: Osborne provides further uncertainty for green business
Chancellor George Osborne has brought further uncertainty to green leaders, with an emergency Budget that confirmed more taxes for renewables along with tax-breaks for oil and gas.
Sustainability stats: This week in numbers
This week has produced some surprising numbers, from edie readers' views on nuclear power to the Government's planned part-privatisation of the Green Investment Bank.
Tories plan to sell £1.4bn stake in Green Investment Bank to pay down deficit
The government's commitment to low-carbon technology has been called into question as it prepares to raise more than £1bn by selling a majority stake in the Green Investment Bank, the project that was a central promise in the Conservatives' 2010 manifesto.
Green Investment Bank makes landmark investment in heat recovery project
The UK Government's Green Investment Bank (GIB) has made its 50th investment in green infrastructure projects today (24 June), three years after its launch.
10 million 'comatose' IT servers wasting electricity
Almost one third of the servers in power-hungry data centres are 'comatose', i.e. still using electricity but not delivering any useful IT service.
Green bank kick-starts Rampion south coast wind farm
The UK Green Investment Bank has today (18 May) taken a £236m stake in in the first offshore wind farm off the south coast of England, in a joint venture with energy giant E.ON.
Cameron heaps praise on 'world-leading' Green Investment Bank
Prime Minister David Cameron has underlined his support for the UK Green Investment Bank during a visit to the organisation's headquarters in Edinburgh earlier today (15 May).
Prioritise national infrastructure needs, energy managers urge next UK Government
Two thirds of environmental and sustainability professionals believe national needs must be prioritised over local environment issues for nationally significant infrastructure projects in the UK.
GIB launches world's first offshore-wind fund
The UK Green Investment Bank (GIB) has raised £463m to start the world's first offshore-wind fund.
'Smart money' flowing towards UK green infrastructure
The UK is in the midst of a green investment revolution, according to the head of sustainable finance at the Green Investment Bank.
New GIB fund unveils first investment in AD
Green Investment Bank fund manager Foresight has announced a £4m investment in a farm-based anaerobic digestion (AD) plant at Old Quarrington, Durham.
Sustainable investors beating market expectations, claims Morgan Stanley
Investment funds that use sustainability metrics to judge their stocks are likely to outperform those that don't, according to a new study by Wall Street firm Morgan Stanley.
Green-city technology ready for UK-wide roll-out
UK cities are not yet taking advantage of 10 simple technologies that can make urban living more sustainable.
UK GIB dismisses 'misguided investment' criticism
The UK Green Investment Bank (GIB) has fired back at allegations that it has made "repeated errors" in assessing the environmental impact of its waste investments.
Budget 2015: 10 hopes for energy & environment
Elections are not won on environmental policy. That is the accepted wisdom. But sustainability professionals are, by their nature, an optimistic bunch, and have been vocal in laying out their demands for Wednesday's budget - the last of the current Parliament.
£30m waste-to-energy investment by GIB propels sector into 'new phase'
The UK Green Investment Bank (GIB) has made a 'landmark' £30m investment in the construction of a new £60m advanced-technology Waste to Energy (WtE) plant in Hertfordshire.
GIB invests in groundbreaking £111m recycling plant
The UK Green Investment Bank (GIB) is one of three investors funding a first-of-its-kind £111m recycling and waste facility in Scotland.
Environment Agency guide: Complying with ESOS
The Energy Savings Opportunity Scheme (ESOS) is an energy assessment and energy saving scheme, estimated to lead to £1.6bn of net benefits to the UK, with the majority of these being directly felt by businesses as a result of energy savings.
GIB announces £60m for 2.4GW of community renewables
The Government's Green Investment Bank (GIB) has announced a new £60m investment to fund up to 30 community-scale renewable projects across the UK.
Green Investment Bank launches £50m fund for UK waste infrastructure
Business Minister Matthew Hancock has unveiled details of a £50m investment from the UK Green Investment Bank (GIB) into a new fund targeting small-scale recycling and waste management projects across the country.
MIT Report: Joining Forces: Collaboration and Leadership for Sustainability
The importance of sustainability as a business issue has steadily grown over the past two decades. Most businesses understand that their sustained success depends upon the economic, social and ecological contexts in which they operate. But the stability of those contexts can no longer be taken for granted. The physical environment is becoming more unpredictable, a more interconnected global economy is altering social conditions, and technological innovation is transforming the nature of consumption and production
Crowdfunding platform to energise community renewables
UK ethical investment platform Abundance has launched a new service to encourage communities to invest in local renewable energy projects.
£240m boost for UK offshore wind sector
The UK's position as a world leader in offshore wind power generation has been cemented with a new £240m investment from the Green Investment Bank (GIB).
GIB invests in North West's largest waste wood plant
The UK Green Investment Bank (GIB) will provide £16.9m of mezzanine loans and a £13.2m equity investment for one of the UK's largest waste wood processing plants.
Power to the people: Green Alliance calls for more public involvement in UK environmental policy
Green Alliance has launched a new strategy focused on giving citizens a greater say in the nation's green infrastructure plans.
Poultry giant bags biomass nest egg
The UK's largest producer of free-range chickens has secured new investments to install 86 biomass boilers at its England farm-base by the end of 2015.
Call for Green Bond to grow public investment in renewable energy
The UK Government should launch a 'Green Bond' to allow savers to invest in the growth of the renewable energy sector, Scottish Renewables has said.
Green Investment Bank supports waste innovation with £33m investment
The UK Green Investment Bank (GIB) has given its financial backing to a new waste treatment facility and anaerobic digestion (AD) plant North Yorkshire, which will process up to 320,000 tonnes of waste per year.
£5bn in 2 years: Green Investment Bank drives uptake in UK renewables
David Cameron has praised the positive impact of the UK Green Investment Bank (GIB), which has ploughed more than £5bn worth of investment in 37 green energy investment projects across the country since its inception two years ago.
UK data centre cuts energy use with £5.2m funding
The UK Green Investment Bank (GIB) will be investing £5.2m in a project to deliver efficient electricity and cooling in a UK data centre in Lewisham owned by global bank Citi.
Labour Conference: Miliband prioritises green economy in 10-year plan
Labour leader Ed Miliband has pledged to create one million green jobs as part of a 10-year plan to make Britain a global leader in clean technology and renewable energy.
Aldersgate Group appoints new executive director
The Aldersgate Group has appointed the WWF's head of climate change Nick Molho as its new executive director, replacing Andrew Raingold who is standing down after more than seven years in the role.
Lib Dems plan five new laws for a 'greener' Britain
The Liberal Democrat manifesto will include plans for five new laws to protect the environment, the party announced today.
Macallan whisky distillery set to benefit from £74m green energy project
A £74m biomass combined heat and power plant will help fuel a well known whisky distillery and power more than 20,000 Speyside homes, in Scotland, thanks to backing from the Green Investment Bank (GIB).
Another Scottish distillery goes green with GIB funding
The environmental credentials of the Scottish drinks industry have been given a further uplift with financial support being given to help another large distillery reduce its carbon emissions.