in News Departments > FYI
print the content item

The U.K. government's Green Investment Bank (GIB) plans to launch a 1 billion British pound fund to acquire equity stakes in operational offshore wind projects in the U.K.

The GIB says it is seeking a suitable group of strategic, long-term co-investors to participate in this capital raising exercise. The offshore wind fund will be managed by a GIB subsidiary that is currently regulated by the Financial Conduct Authority (FCA) and will be seeking permission from the FCA to become a regulated fund manager.

Wth 3.6 GW of installed capacity, 1.4 GW in construction and a number of further projects in the pipeline, the U.K. offshore wind sector is set to grow significantly in the coming years. To support that growth, the GIB says it is vital that developers are able to refinance part of their investments in operating assets in order to reinvest in new developments.

The GIB is targeting a first close on the fund by the end of the calendar year.




Trachte Inc._id1770
Latest Top Stories

Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.

Canwea_id1984
Renewable NRG_id1934
Navigant_id1983