U.K. Green Investment Bank Plans Offshore Wind Fund
This article is for subscribers only.
The U.K. Green Investment Bank plans to raise 1 billion pounds ($1.7 billion) with a fund to finance offshore wind projects as the technology takes off in Britain.
Utilities need help to refinance current farms so they can start new developments, the bank said in an e-mailed statement. The lender will tap infrastructure investors and pension funds, Chief Executive Officer Shaun Kingsbury said in an interview.