Barclays Forms $163 Million Renewable Energy Fund for U.K. Farms
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Barclays Plc, the U.K.’s second-largest lender by assets, created a 100 million-pound ($163 million) fund to support renewable energy farm projects.
The fund was developed with the National Farmers Union after a Barclays survey found that 37 percent of the U.K.’s 200,000 farmers are seeking to cut their energy bills and generate income using renewable energy, the London-based bank said today in a statement.