Institution set up to power UK’s green energy revolution could switch to funding more lucrative schemes abroad,say criticsA financial institution set up by government to accelerate Britain’s green power revolution could end up being sold to private fairness firms and fund wind farms in Germany.
The Green Investment Bank, hailed as a world first for the UK when it was set up, and is expected to bring in more than £4bn for the Treasury when it is privatised,probably by the end of this year. But it may be snapped up by foreign buyers and already has plans to expand significantly abroad. Related: Green Investment Bank sell-off plans alarm MPs and peers Continue reading...
Source: theguardian.com