U.K. Green Investment Bank Strikes Its First Offshore Wind Deal
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The U.K.’s Green Investment Bank struck its first offshore wind power-funding deal, contributing to a 224 million-pound ($365 million) loan for a facility off the coast of England that’s the largest operating in the world.
Banco Santander SA, Lloyds Banking Group Plc, Royal Bank of Scotland Group Plc and Siemens Bank GmbH are also participating in the seven-year loan, according to a joint statement today from the GIB, other lenders to the project and its owners.