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Clegg announces £100M funding for renewable energy projects

Deputy prime minister Nick Clegg today announced a £100M investment to fund small scale renewable energy projects in the UK.

Funding will be delivered through the Department for Business, Innovation and Skills UK Green Investments (UKGI) team.

UKGI will provide the funds through two specialist managers, Equitix and SDCL, which will be actively encouraging foreign and internal investment in non-domestic energy infrastructure projects across the UK. Projects eligible for funding include installing combined heat and power energy systems and solar photo-voltaic schemes to improve building energy efficiency.

Investments in these projects will be matched by private sector funding, with UKGI expected to work alongside the Green Investment Bank when it is due to open later this year.

Readers' comments (1)

  • Clegg wasting our money. Let him finance these ridiculous ideas from his own pocket, not ours!

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