Green Investments (Made by the Green Investment Bank between August 2017 and August 2021)
These entries relate to major project investments by the Green Investment Group (GIG) for the first four years of its life as announced at the time they were made; the investments may no longer be held by GIG. These show GIG's commitment to at least £3bn of new investment in the first three years was fulfilled, no such target investment figure exists going forward. With more focus on development and platform funding to increase project pipelines, and no requirement to disclose investment values, information on future investment activity can be found on the GIG website but is not summarised here beyond August 2021.
27th July 2021
An investment of £30M (Ksh 4.4 billion) by UK Climate Investments towards a Kenyan green affordable housing venture, which has received 100% of its targeted £61 million (Ksh 9 billion) to build approximately 10,000 water and energy efficient homes in Nairobi, Kenya, and fulfilling the commitment announced on 20th January 2020 (see below).
15th June 2021
Purchase for an undisclosed sum of 100% of a development portfolio of 187MWh of utility-scale battery storage from Capbal. The initial seven projects are located at highly congested areas of the UK network to enable more renewable energy to come on line.
2nd March 2021
Undisclosed investment for a minority stake, alongside organising long-term project finance debt from Landesbank Baden-Wuerttemberg (LBBW),
to construct with Wismar Pellets and PEARL Infrastructure Capital a 27 MW thermal /18 MW electricity biomass Combined Heat and Power Plant
(Bioenergie Wismar) in northern Germany.
17th February 2021
Purchase for an undisclosed sum of 100% of the 22 MW operational Scieki onshore wind farm in Central Poland, from the EnerCap Power Funds.
1st December 2020
Purchase for an undisclosed sum of a 37.5% stake alongside Covanta (37.5%) and primary waste supplier Biffa (25%), of the Protos Energy Recovery Facility to build a 49MWe waste-to-energy plant near Ellesmere Port, Cheshire.
27th November 2020
Purchase for an undisclosed sum of 100% of the 25.3MW operational Jozwin onshore wind farm in Central Poland, from Vortex Energy Poland and Max Bögl International SE.
1st April 2020
Purchase from RES for an undisclosed sum of 100% of the 79.8MW Buheii onshore wind farm in Southern Norway; the project will provide power to Eramet's smelters from 2021 to 2038.
11th February 2020
Purchase for an undisclosed sum of a 50% stake (shared with Covanta), held with Biffa (50%), of the project to build a 42MWe waste-to-energy plant at Newhurst, Leicestershire.
20th January 2020
An agreement to invest up to £30M (US$39M) by UK Climate Investments towards a locally managed strategy to build approximately 10,000 water and energy efficient homes in Nairobi, Kenya.
11th November 2019
Purchase for an undisclosed sum of 100% of the 48MW operational Zajączkowo onshore wind farm near Slupsk, Poland from J-Power Investment Netherlands B.V and Mitsui Renewable Energy Europe Ltd.
28th October 2019
Power purchase agreement (PPA) to an undisclosed value with Tesco to install, own, operate and maintain solar PV systems at a number of Tesco retail sites in the UK.
26th August 2019
Purchase for an undisclosed sum of 100% of 47MW of onshore wind to be constructed at Tysvær, southern Norway, from Spanish Power.
22nd August 2019
Purchase for an undisclosed sum of 100% of the 42MW operational Kisielice onshore wind farm at Warmiab, Poland, from Impax New Energy Holdings Cooperatief WA.
19th August 2019
An agreement to invest £14M (R253M) by UK Climate Investments with H1 Holdings to develop 250MW of onshore wind at Kangnas and Perdekraal East, and 4MW of hydro-electric power at Kruisvallei, in South Africa.
12th August 2019
Agreement to purchase for an undisclosed sum 40% of 714MW of offshore wind under construction at East Anglia ONE in the UK North Sea, from Iberdrola's ScottishPower Renewables (UK) Limited.
12th June 2019
Purchase for an undisclosed sum of 100% of 43MW of onshore wind to be constructed at Hornamossen, Sweden, from Nordic wind power developer OX2.
23rd April 2019
An agreement to invest £30M (INR 275 Crores) by UK Climate Investments in CleanMax Solar to install rooftop and ground mounted solar energy for commercial and industrial clients in India.
22nd March 2019
Undisclosed investment for a 40% stake, held with Covanta (40%) and Veolia (20%), of the Rookery South project to build a >60MWe waste-to-energy plant in Stewartby, Bedfordshire.
17th January 2019
A planned £28M (R500 M) cornerstone investment by UK Climate Investments in Revego Africa Energy Limited, which is targeting R2000M to acquire equity in operational renewable energy projects in sub-Saharan Africa.
18th December 2018
Undisclosed investment for a 50% stake, held with Covanta, of the £210M project to build a 21.5MWe waste-to-energy plant in Grangemouth, Scotland, to supply heat and electricity from Earls Gate Energy Centre.
19th July 2018
€270M 100% equity investment, including c€160M of third party senior debt, for 235MW of onshore wind in Central Sweden.
27th March 2018
Undisclosed investment for an additional 25% ownership stake in the operational 210 MW offshore wind farm Westernmost Rough, purchased from Marubeni Corporation.
18th December 2017
€136M investment for 50% equity stake in the operational waste-to-energy (WtE) plant in Dublin, Republic of Ireland, as a first stage in a partnership with Covanta Holding Corporation to deliver new WtE facilities.
7th November 2017
€300M joint equity investment with GE Energy Financial Services, plus close to €500M of third party debt, for 650MW of onshore wind in northern Sweden.
30th October 2017
Up to £30M of UK Climate Investments funds in partnership with Lightsource, with additional third party funding and debt, for up to 300MW of solar photo-voltaic projects in India.
7th September 2017
£38M of debt financing for Wheelabrator Technologies (total senior debt facility £207M) for a new waste-to-energy plant (Ferrybridge Multifuel
2), in West Yorkshire.