UK Green Investment Bank Gets Money for Offshore Wind Fund

The UK Green Investment Bank plc (GIB), through its FCA regulated subsidiary UK Green Investment Bank Financial Services Limited, had its first close on commitments of £463 million. The fund is targeting £1 billion. The capital will be used to invest in operating offshore wind farms in the United Kingdom. Renewable energy investing such as offshore wind brings a level of risk in which some sources of returns could be influenced by tax credits, forced purchases and/or government subsidies.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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