U.K. Green Investment Bank Aims to Spend $1.2 Billion This Year on Carbon Projects

摘要

The U.K. Green Investment Bank aims to boost the capital it commits to carbon-cutting projects to 700 million pounds ($1.2 billion) in 2014 as it chases deals in offshore wind, waste and energy efficiency. The bank, capitalized with 3.8 billion pounds of government funds, allocated 668 million pounds to clean-energy projects in the year through March, Chief Executive Officer Shaun Kingsbury said May 21 in a telephone interview. That's up from 635 million pounds the previous year, though the bank only began operations in November 2012. "I'd hope for more than 700 million for the financial year we're in, but it's not about allocating capital; it's about the quality of the projects," he said. It will take another "two to three years at least" to commit the full 3.8 billion pounds.