The UK government has established a new green finance taskforce in an effort to take full advantage of the “multi-billion pound” investment opportunity created by the low carbon economy.
Philips has agreed a unique deal with a consortium of international banks that links the company’s sustainability performance to the interest rate attached to a €1 billion (£836 million) loan.
Australian finance giant Macquarie Group has concluded the contentious purchase of the UK Green Investment Bank for a total consideration of £2.3 billion.
Companies and organisations in the UK are developing a growing appetite for renewables PPA structures, but still face obstacles including the perception of renewable projects and unprepared procurement teams.
Former energy minister Lord Greg Barker has written to prime minister Theresa May to voice concerns over the government’s divestment of the Green Investment Bank (GIB) and urge for a rethink.
The Green Investment Bank has agreed to part-fund a streetlight conversion programme for Kent County Council which will see 120,000 traditional streetlights replaced with more efficient alternatives.
