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United Kingdom: Green bank makes biggest investment in wind farms

2014-03-31 21:22:00| Climate Ark Climate Change & Global Warming Newsfeed

Scotsman: THE Green Investment Bank yesterday unveiled its biggest pay-out since its launch with the 461 million backing for two offshore wind projects. The investments represent a vote of confidence in a sector that has suffered a few setbacks with projects cancelled and energy company SSE reducing its commitment to renewables. State-backed GIB, based in Edinburgh and London, is investing 241m alongside Japans Marubeni Corporation in the Westermost Rough wind farm off the coast of East Yorkshire....

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