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GIB brings in £1bn fund for UK offshore wind

25 Jun 2014
It has been recently announced that the UK’s Green Investment Bank will be introducing a £1 billion fund in aim of increasing the UK’s offshore investments in wind farms.

Future prospects for the UK sector seem promising given that long- term investments follow through, specifically the 3.6GW of installed capacity and 1.4GW in construction.

GIB’s funding will be put towards purchasing equity stakes in operational offshore wind schemes in the UK to support developers in refinancing their investments allowing them to invest in newer projects.

To ensure that this occurs the UK is calling upon all long-term investors in UK offshore wind projects for their support.