U.K. Green Investment Bank’s Wind Fund Raise ‘Going Well’
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The U.K. Green Investment Bank is set to tie up the first investments in a $1.6 billion fund by the end of March, part of Britain’s push to cement its dominance in offshore wind power.
The lender has interest from two potential cornerstone investors, each for about 100 million pounds ($161 million) to 200 million pounds, as well as some smaller investors, Ed Northam, the head of investment banking, said today in a telephone interview in London. The investors include U.K. pension funds and sovereign wealth funds, he said, without identifying them.