Green Investment Bank: Wales

Department for Business, Innovation and Skills written question – answered on 6th March 2015.

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Photo of Matthew Hancock Matthew Hancock Minister of State (Department for Business, Innovation and Skills), Minister of State for Portsmouth, The Minister of State, Department of Energy and Climate Change

The Green Investment Bank (GIB) has to date helped finance four projects located in or off the coast of Wales. Total commitments to these amounts to £289,100,000 of which £69,100,000 has so far been deployed. Details are set out in the table below:

Project

2012/13

Committed / Drawn

(values £m)

2013/14

Committed / Drawn

(values £m)

2014/15

Committed / Drawn

(values £m)

Rhyl Flats offshore wind farm

57.5 / 57.5

Gwynt y Mor offshore wind farm

220

Port Talbot bio-energy plant

11.20 / 11.20

Kingspan energy efficiency retrofit

0.40 / 0.26

0.14

In addition, GIB has helped finance introduction of energy efficient lighting in car parks, including 9 in Wales.

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