The government announces the move ahead of its Clean Growth Strategy to drive economic activity while increasing the use of renewable energy.
Tag Archives | UK
The vehicle’s first close raised just £33m short of its predecessor’s total amount.
The ‘astounding’ results have awarded strike prices to 11 offshore wind, biomass and energy-from-waste projects with more than 3GW capacity.
The vehicle is also closing in on the acquisition of six small-scale plants in Norway.
The deal agreed by Greencoat Solar is the first acquisition since the initial 108MW bought upon launching late last year.
An initial 30 sites have been acquired by the new platform, with further deals slated for later in the year.
The listed fund has spent £286m on acquisitions in the past eight days, boosting its portfolio to 617MW.
The Bioenergy Infrastructure Group has acquired the facilities, which have a combined capacity of more than 70MW.
The revamped company will add an advisory practice to its armoury, helping governments establish similar green banking platforms.
The pair have boosted their stakes in the UK’s second-largest onshore wind site following an automatic dilution and have agreed a call option for a further 14.9%.