The British government today confirmed an agreement over its controversial £2.3bn ($2.95bn) sale of the UK Green Investment Bank (GIB) to global investment group Macquarie, claiming the bank’s “green purpose and green objectives” will be protected under its new ownership.
The deal will see the GIB become Macquarie’s “primary vehicle for renewable energy investment in the UK and Europe, allowing GIB to expand internationally”, said a statement from the UK’s Department of Business, Energy and Industrial Strategy (DBEIS).
