UK fetches $2.94 billion in Green Investment Bank sale

April 21, 2017 0

The UK government announced on Thursday the sale of its Green Investment Bank (GIB) to a Macquarie-led consortium for £2.3 billion ($2.94 billion), making a “substantial profit” out of the privatization, Kallanish Energy reports.

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Macquarie commits to GIB’s £3B UK green investment

April 21, 2017 0

Australian bank Macquarie committed on Thursday to target £3 billion ($3.84 billion) of new investment in green energy projects in the UK over the next three years, either directly or by arranging capacity from other investors, Kallanish Energy reports.

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Norway, Sweden extend renewable energy subsidy plan

April 20, 2017 0

Norwegian and Swedish authorities agreed that Sweden may extend a joint subsidy scheme for the development of renewable energy, targeting to add another 18 terawatts hour (TWh) capacity by 2030, while Norway will keep its current target of 13.2 TWh by 2020.

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Most U.S. coal plants more than 27 years old

April 18, 2017 0

Coal-fired power plants accounted for 25% of operating electricity generating capacity in the U.S. and generated roughly 30% of U.S. electricity in 2016, according to the Energy Information Administration.

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UK’s CDC to invest $100 million in India 🔒

April 12, 2017 0

UK’s state-owned development finance agency, Commonwealth Development Corp (CDC), will invest $100 million in India, where it will set up a private company to finance renewable energy projects, Kallanish Energy learns.

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