We need your support to keep TheyWorkForYou running and make sure people across the UK can continue to hold their elected representatives to account.

Donate to our crowdfunder

Wind Power: Seas and Oceans

Department for Business, Energy and Industrial Strategy written question – answered on 27th February 2017.

Alert me about debates like this

Photo of Caroline Lucas Caroline Lucas Co-Leader of the Green Party

To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate he has made of the future asset value of the UK Green Investment Bank's investments in the Galloper and Rampion wind farms upon completion of their construction.

Photo of Nick Hurd Nick Hurd The Minister of State, Department for Business, Energy and Industrial Strategy

Holding answer received on 24 February 2017

The Government is undertaking a robust valuation process for the Green Investment Bank, using both market-based assumptions and HM Treasury Green Book methodology, and making use of external advice on valuation from expert financial advisors. In this, the Government is following the National Audit Office’s recommendations on asset sales.

Does this answer the above question?

Yes1 person thinks so

No6 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.