27/01/2017at 13:25

Macquarie said planning split, not strip, for UK green bank

If Australia's Macquarie Bank ends up the winning buyer of UK Green Investment Bank, the entity will likely be split into two. The potential sale has sparked strong opposition for fears the green-focused bank will be stripped of assets.

BY JESSICA SHANKLEMAN AND BRIAN ECKHOUSE, BLOOMBERG

UK Green Investment Bank Plc, the state lender put up for sale by the government, will be dramatically restructured if it is sold to Macquarie Group Ltd., according to two people familiar with the matter.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Sales plans for green UK bank could be abandoned
For subscribers
Major US fund enters green energy organization
For subscribers
Scottish energy strategy to make offshore wind subsidy-free
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Front page now

Policy & Trading

New offshore wind plans see Danish government shut down all open-door projects

Only three of the controversial open-door projects will survive new offshore wind deal, backed by every party in the Danish Parliament.

For subscribers

Utilities

Ørsted won't have to resort to capital raise, say analysts before capital markets day

For subscribers

Renewables

Shell and Ocean Winds seek to terminate PPAs on US offshore wind

For subscribers

Renewables

Ørsted commits to recycling all solar panels

For subscribers

View of the Neom region in the northwestern part of Saudi Arabia. | Foto: Hamad I Mohammed/Reuters/Ritzau Scanpix

Renewables

Chinese OEM to make green hydrogen in Saudi Arabia

For subscribers

Leaks on the Nord Stream pipeline were first confirmed on Sept. 26 | Foto: Danish Defence Command/Reuters/Ritzau Scanpix

EnergyNews

US knew about Ukrainian plans to sabotage Nord Stream, says media

For subscribers

New offshore wind plans see Danish government shut down all open-door projects

Only three of the controversial open-door projects will survive new offshore wind deal, backed by every party in the Danish Parliament.

For subscribers

Utilities

Ørsted won't have to resort to capital raise, say analysts before capital markets day

Danske Bank expects the Danish utility to launch a new investment prognosis on around DKK 500bn spanning 2023 to 2030.

For subscribers

Renewables

Shell and Ocean Winds seek to terminate PPAs on US offshore wind

Surging prices and costs squeeze Southcoast Wind project to such an extent that developers now seek to rebid new contracts to ensure project viability.

For subscribers