The Climate Change and Industry Minister, Claire Perry, confirmed today (18 August 2017) that the sale of the Green Investment Bank (GIB) to Macquarie Group Limited has now been completed.
BEIS 18th Aug 2017 read more »
Macquarie has sealed its £2.3bn privatisation of the Green Investment Bank by pledging to increase its investment in emerging technologies such as electric vehicle charging, batteries and low-carbon heating. The Australian bank said it would bring its “pioneering spirit” to channel more funds into development-phase innovations than the green investor was able to do under Government control. “We will continue to invest in what has been done to date such as offshore wind and energy from waste,” said Edward Northam, the group’s new boss. “But we also want to remain true to Macquarie’s pioneering spirit by supporting newer and emerging technologies.”
Telegraph 18th Aug 2017 read more »