U.K. Green Bank to Help Hospitals Cut Energy Waste and Bills

The U.K.’s Green Investment Bank and Rabobank Group’s De Lage Landen unit said they’re investing 50 million pounds ($82 million) to curb energy waste and cut bills at British hospitals.

The GIB and De Lage Landen are each providing 25 million pounds of funding to support the installation of energy-efficiency measures at U.K. hospitals, the GIB said today in an e-mailed statement. The National Health Service spends more than 750 million pounds a year on energy, it said.

The first project being funded by the alliance will be at Queen’s Medical Centre, part of Nottingham University Hospitals NHS Trust, it said. About 7.5 million pounds is being invested to install energy generation and saving measures, it said.

“As one of the country’s most energy-intensive organizations, the NHS could save up to 150 million pounds each year by putting in place energy-efficiency measures,” GIB Chief Executive Officer Shaun Kingsbury said. “The project at Queen’s Medical Centre is expected to reduce the trust’s energy costs and save around 7,400 tons of carbon dioxide each year, equivalent to taking 3,300 cars off the road.”

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