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

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015