Green Investment Bank May Offer U.K. Project Bonds to Spur Deals
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The U.K. Green Investment Bank says it may develop project bonds to finance clean energy as it seeks ways to bolster investment in emissions-cutting ventures.
While project bonds aren’t typically used to finance wind and solar in Britain, they are tapped to fund plants in the U.S., where projects are bigger, GIB Chief Executive Officer Shaun Kingsbury said. The bank could amass debt finance of several smaller U.K. projects for sale to the bond market, spurring similar deals, he said.