Since its acquisition by Australian banking giant Macquarie Group from the UK Government in August of 2017, the Green Investment Group has arranged for or invested £1.6 billion of capital into clean energy projects, according to the Group’s first Progress Report since privatization.
Macquarie Capital’s Green Investment Group, formerly the UK Government’s Green Investment Bank, has this week announced the acquisition of a solar development portfolio from Conergy Asia & ME which will include employees and solar development assets across the Asia Pacific region.
The Green Investment Group, formerly belonging to the UK Government but now owned by Macquarie Capital, has formally launched in North America with two initiatives, including the launch of Candela Renewables for solar development and the financial close of the 200 megawatt (MW) Canadian Breaks onshore wind farm in Texas.
A new report published this week by the UK’s National Audit Office regarding the sale of the Green Investment Bank to Australian banking giant Macquarie has raised concerns that existing commitments only require the newly-named Green Investment Group to continue contributing to green financing for the first three years.
German utility E.ON announced this week the first generation of power from its 400 MW Rampion Offshore Wind Farm off the southern coast of England, with the first of 116 wind turbines officially brought online.
The Green Investment Group, part of the Macquarie Group, has this week launched a new service called Energy Solutions which will aim to help medium- to large-energy users reduce their energy costs and cut carbon emissions with no upfront costs for the user.
The sale of the UK’s Green Investment Bank, which has led more than £15 billion of investment into UK green infrastructure, has officially been sold to Australia bank Macquarie Group for £2.3 billion.
Australia’s Macquarie Group has agreed to acquire the UK’s Green Investment Bank from the UK Government for £2.3 billion, and has committed to the Bank’s newly established target of driving £3 billion in new green energy investments.
The Green Investment Bank Offshore Wind Fund has surpassed its £1 billion target with its sixth UK asset acquisition, with now £1.12 billion worth of assets currently under management.
The UK Green Investment Bank announced earlier this week that it would partially fund what will be the largest non-Private Finance Initiative streetlighting project in the UK to-date.
