There is no guarantee that the Green Investment Bank (GIB) will ever live up to its original ambitions after a privatisation process that undersold it for the British taxpayer and the bank’s green intentions.
The now Macquarie-owned Green Investment Bank must continue to support clean energy infrastructure in the UK if the country is to meet its decarbonisation goals, industry stakeholders have warned.
The government has today completed its sale of the Green Investment Bank, freeing new owner Macquarie to invest in green infrastructure projects overseas.
Australian finance giant Macquarie Group has concluded the contentious purchase of the UK Green Investment Bank for a total consideration of £2.3 billion.
A High Court judge has ruled against a request for a judicial review of the government’s sale of the Green Investment Bank (GIB), paving the way for the deal to be completed with preferred bidder, the Australian bank Macquarie.
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.