Britain May Use Green Bank to Fund Expansion of Nuclear Power
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Britain may use the Green Investment Bank it plans to open in April 2012 to help fund nuclear power plants as it encourages consumption of more low-carbon fuels.
The Department for Business, Innovation and Skills said nuclear power investments are under a “high level appraisal” along with offshore wind, carbon capture plants, marine energy and electric vehicle charging stations. The department disclosed arrangements for the bank that ministers are considering in a document released yesterday.