UK Green Investment Bank makes offshore wind a priority

Installation of Windpark Horns Reef 2, Denmark in Summer 2009

Offshore wind will be a key focus for the GIB

The UK government has spelt out its plans for its £3bn ($4.7bn) Green Investment Bank (GIB), including a major focus on offshore wind power.

The Department for Business Innovation and Skills (BIS) says offshore wind will be a priority area for the bank until 2016, along with energy-from-waste generation, commercial and industrial waste processing, and non-domestic energy efficiency.

The UK also published its criteria for naming a headquarters for the bank, to be decided by March, and revealed it has received expressions of interest from more than 20 cities, including Edinburgh, London, Liverpool, Manchester and Brighton.

The department has set up a new team called UK Green Investments (UKGI) to steer the process until the…

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