Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Loans on offer for £1.4 billion wind farm investment

Onshore wind farm development looks set for a huge cash boost with the news that three banks will soon offer loans to projects meeting the Government’s new power policy directives.

RBS, Lloyds Banking Group and BNP Paribas Fortis will make loans of between £20 million and £100 million available to eligible schemes, with the Treasury, the Department of Energy and Climate Change and the European Investment Bank (EIB) also stumping-up cash for the £1.4 billion initiative.

Chancellor Alistair Darling said: “We welcome the EIB’s commitment to provide this vital funding for renewable projects across the UK.

“The money that is being made available will help continue the essential work of building the UK’s capacity in renewable energy.

“It is even more important that we live up to our responsibilities and make progress in reducing this country’s dependence on carbon.

“This Government is determined to provide all the support that is needed to secure a greener future.”

 

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.

Related Jobs