Green Investment Bank could be snapped up by foreign buyers
by Terry Macalister Energy editor from Environment | The Guardian on (#15SYQ)
Institution set up to power UK's green energy revolution could switch to funding more lucrative schemes abroad, say critics
A financial institution set up by government to accelerate Britain's green power revolution could end up being sold to private equity firms and fund wind farms in Germany.
The Green Investment Bank, hailed as a world first for the UK when it was set up, is expected to bring in more than 4bn for the Treasury when it is privatised, probably by the end of this year. But it may be snapped up by foreign buyers and already has plans to expand significantly overseas.
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