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Green Investment Group

Department for Business, Energy and Industrial Strategy written question – answered on 10th December 2018.

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Photo of Lord Barker of Battle Lord Barker of Battle Conservative

To ask Her Majesty's Government whether they have made an assessment of the performance of the Green Investment Group Ltd since its sale in 2017.

Photo of Lord Henley Lord Henley Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

The Green Investment Group (GIG) have recently reported on their progress in the year since the completion of their sale in August 2017. Over that year they have made or arranged £1.6bn of investments across of range of sectors including offshore and onshore wind, solar, and waste to energy.

In addition, they have launched new green infrastructure advisory services out of their London and Edinburgh offices to support the growth of the global green economy, and have expanded their operations to encompass Asia and North America.

They have also continued to engage proactively within the green investment community, such as publishing a comprehensive progress report in October 2018, holding or supporting a number of sectoral stakeholder events, and being a member of the Green Finance Institute’s Advisory Board.

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