UK: Green Investment Bank officially open28. November 2012 | Markets & Trends, Industry & Suppliers, Financial & Legal Affairs | By: Shamsiah Ali-Oettinger
The new Green Investment Bank has been officially opened. The institution has been funded with £3 billion (€3.7 billion) government funds.
The GIB is headquartered in Edinburgh and will mobilise additional private capital to make a significant contribution to the development of a green economy.
Business Secretary Vince Cable says, "The Green Investment Bank - a key coalition pledge - is now a reality. It will place the green economy at the heart of our recovery and position the UK in the forefront of the drive to develop clean energy."
Cable believes that having the headquarters in Edinburgh is a vote of confidence to the commitment to help Scotland lead the green revolution.
UK Green Investment Bank Chair Lord Smith said, "The Green Investment Bank has the potential to be a game-changing component of the UK's low carbon economy, and a profitable centre of excellence in specialist and renewable investment."
Choose between a digital and print subscription from pv magazine publisher Solarpraxis AG’s online shop!
- 3454 views
- 3330 views
- 3136 views
- 3085 views
- 2899 views
Want to publish your press releases for free? Simply log in or register, enter the information you want to appear and we'll publish it for you!