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(L-R): Tom Delay, Sally Uren, Shaun Kingsbury and Dr Joanne Wade were all recognised in the 2018 New Year's Honours list

New Year Honours 2018: Sustainability champions make Queen's list

The 2018 New Year Honours list has recognised the outstanding achievements of a number of senior figures across the UK's green economy.

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.


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