Offshore wind head for UK GIB

The UK government’s £3bn ($4.5bn) Green Investment Bank (GIB) has appointed a new managing director for offshore wind, as it tries to help speed development of the sector by taking stakes in major projects at an early stage.

Christine Brockwell, who joins GIB’s London office, was previously a director at Global Capital Finance, a financial services advisory firm where she was responsible European renewable energy transactions and global equity syndication.

In its first six months of operation, the GIB’s focus has been on the secondary market for operating assets, investing in existing offshore wind projects to allow capital to be recycled into new projects.

Brockwell’s appointment coincides with the expansion of the GIB’s offshore wind investment strategy, which will see it continue to back secondary markets as well as now investing in offshore projects at the construction stage.

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