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When combined with a sister plant, the Ferrybridge Multifuel 2 will be the largest EfW site in the UK

Green Investment Group makes first investment under Macquarie ownership to support EfW plant

A £38m energy-from-waste (EfW) facility in Yorkshire has become the first project to receive financing from the newly formed Green Investment Group (GIG), formerly known as the Green Investment Bank.

The government completed the sale of the GIB last week

Green Party slams GIB sell-off

The co-leader of the Green Party has warned the controversial sell-off of the Green Investment Bank (GIB) is bad news for "everyone who cares about the future of renewable energy".

The Green Investment Group (GIG) will look to invest at least £3bn of new investment into the green economy over the next three years under Macquarie’s ownership

Macquarie finalises £2.3bn Green Investment Bank deal

Australian bank Macquarie has vowed to keep the Green Investment Bank (GIB) at the forefront of the UK's low-carbon transition, after today (18 August) completing the controversial £2.3bn takeover from the British Government.

The privatisation of the Green Investment Bank has faced a wave of opposition from green campaigners and senior officials in Westminster

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.

Hurd  repeated the reassurance that the government’s main objective in the privatisation process is to “ensure that any sale protects the Green Investment Bank's (GIB) green values

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.

Chancellor Philip Hammond delivered his first Spring Budget speech this afternoon, but it contained little for sustainability professionals to get excited about

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.

Since the sale process began there have been unconfirmed reports that Australian bank Macquarie is the government’s preferred buyer

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.

Reports suggest the preferred bidder has already lined up a series of potential buyers for the GIB’s most valuable assets, which include wind farms

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.

The preferred bidder has received criticism for its asset stripping reputation and management of other large infrastructure firms including Thames Water

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.

Barker (right) said the plans heralded a

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.

The battery project will provide evidence on whether solar panels can supplement evening energy use and whether the technology can effectively reduce energy bills

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.

Construction of the plant will likely be completed by 2019 and is expected to create hundreds of jobs

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.

A £6.6m Green Investment Bank-supported commitment has been matched by the SQN Asset Finance Income Fund to take the total project funding to £13.2m

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.

The project is expected to make the biggest impact of any investment made by the UKEEI fund to date in terms of GHG emissions reduced per pound of capital

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.

Once fitted, the LED lights are expected to produce energy savings equivalent to the total electricity consumed annually by 850 homes

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.

The Government confirmed this month that it had put the Green Investment Bank up for sale

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.

Ignis Biomass intends to roll out four new smaller-scale, standalone CHP systems for major heat users across the region of Caithness

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.

The transaction marks the first time that operating offshore wind farms in the UK have been 100% owned by non-utility investors

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.

GIB’s green mission requires investment contributions to meet one of the five ‘green purposes’ as well as contributing to an overall greenhouse gas emissions reduction

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.

Photo courtesy: Manchester Medical School

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).

The completed plant is expected to generate around 3,600MWh of renewable electricity a year

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.

The multi-million-pound investment will see the construction of an energy centre at Ninewells Hospital

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.

The bank has so far invested in projects ranging from an offshore wind farm off the Brighton coast to the installation of 10,000 LED streetlights in Glasgow

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 2015

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.

The construction of the plant will allow for an annual generation capacity of 61GWh

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.

Galloper will become one of the larger offshore windfarms in British waters with a capacity of 336MW

£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.

Javid said the change would allow the bank to borrow and raise capital without it affecting public sector net debt

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.

The second close of the Offshore Wind Fund brings the total committed capital to £818m - nearing the £1bn target

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.

The Time Square Ball in New York, which has been re-fitted with LEDs

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

The biomass CHP plant in Cramlington, Northumberland, will generate 213GWh of renewable electricity annually. Photo: Estover Energy

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.

During the initial upgrade, annual savings reached £500,000, but since the completion of the project the council estimates savings of £1m a year

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.

The new Teesside biomass plant will provide 299MW of capacity

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.

The funding will go towards small-scale energy projects such as new hydropower

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.

Jeremy Corbyn's ambitious environmental strategy comes after a number of cuts to renewable energy

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).

The Council believes that the transition to LEDs will more than pay for itself, with savings of around £25m over 25 years

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.

David Cameron has been called on to make good on environmental promises

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 Nick Bourne is DECC's newest ministerial recruit, having joined the Department a week after the election

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.

The new biomass plant in Sheffield is expected to provide over 6.5MW of power capacity

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.

Chancellor George Osborne announced that the Conservative Party will cut tax exemptions for the renewable energy sector

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).

George Osborne delivered the new Conservative Government's Budget to a jubilant House of Commons

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.

85% of edie readers responded to our survey suggesting they are in favour of subsidies for nuclear energy

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.

The Treasury could raise £1.4bn or more from the partial sale of the GIB

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.

The Green Investment Bank has invested more than £2bn to green projects around the UK

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.

Anthesis analysed the usage of 4,000 US servers, and by extrapolating the findings, estimated there are approximately 10 million comatose servers worldwide

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.

The 400MW Rampion Offshore Wind Farm will be built eight miles off the Brighton coast, between Peacehaven and Worthing

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.

Prime Minister David Cameron visited the UK Green Investment Bank headquarters in Edinburgh

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).

Three quarters of respondents say the current planning system is failing to aid the transition to a sustainably economy

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.

The GIB is investing £200m in the fund, along with investments from UK-based pension funds and a

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.

The GIB has invested more than £2bn in green infrastructure

'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.

The AD plant will mainly be fuelled by 12,000 tonnes of silage from Quarrington Farms, but it is also capable of processing a wide range of crops and food wastes

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.

Morgan Stanley found that mutual funds using sustainability metrics were more likely to be successful.Photo: lev radin / Shutterstock.com

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.

UK cities can now benefit from ten different types of innovative technology able to make cities greener

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.

Dr Dr Dominic Hogg criticised the GIB's waste investments in a blog titled 'Talking GIB-berish'

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.

What sustainability professionals want from George Osbrone and what they get, could be two very different things

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.

The project will be the first commercial scale, Refuse Derived Fuel (RDF) gasification plant to be financed by third party investors in the UK

£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.

Working together, the two facilities will save around 1.3 million tonnes of CO2e emissions

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.

The finance will provide equity funding of between £1m and £10m to up to 30 new renewables projects, generating around 24,000MW of energy

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.

(L-R): Shaun Kingsbury (GIB); Matthew Hancock MP; and Nigel Aitchison (Foresight) launched the new £50m fund for UK waste infrastructure at the Birmingham BioPower plant

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.

MT Report

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

Community renewables are gathering support because they are more easily realized than large-scale projects

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.

Over time GIB will transfer the investment to its Operating Offshore Wind Fund

£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).

The plant will provide power to the grid and the heat off-take will be used by Stobart's wood drying facility nearby

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.


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