Green Investment Bank joins innovative project financing

By Dan Alderson
21 Aug 2014

The UK’s Green Investment Bank has joined Bayerische Landesbank and Sumitomo Mitsui Banking Corporation in providing £192m for the first project-financed municipal gasification plant in the UK.

The three institutions will contribute £64m of 25-year financing at market rate for the energy and waste plant in Derby. Derby City and Derbyshire County Councils, alongside sponsors Interserve and Shanks Group, are developing the project.

Planners hope that the energy from the waste ...

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