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Green Investment Bank mark 2nd birthday by passing 5bn milestone

2014-10-31 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: The UK Green Investment Bank has mobilised more than 5bn of funding for new green energy infrastructure projects in the two years since its launch. The government-backed body confirmed it passed the milestone yesterday with a 5.2m transaction to help global bank Citi reduce energy use at its data centre in Lewisham, London. Launched in 2012 as the first dedicated green infrastructure bank in the world, the GIB has committed to invest in 37 new projects with 1.6bn of its own capital and it...

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