The
Co-Operative
may
boost
lending
to
accommodate
strong
demand
from
wind
developers
racing
to
complete
projects
before
changes
to
UK
Renewable
Obligation
Certificate
(ROC)
bandings
next
April,
says
James
Sutcliffe,
senior
manager
for
renewable
energy.
Sutcliffe
told
Bloomberg
the
bank
is
“absolutely
bombarded
with
projects”
and
could
extend
by
£250m
its
lending
target
to
the
end
of
2013.
The
Co-Operative
has
financed
nine
wind
projects
so
far
in
2012
and
may
lend
to
20
more,
says
Sutcliffe.
It
made
33
wind-power
agreements
last
year.
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