Friday, 20 April 2012

RBS bankrolls UK #renewables growth

RBS has upped its commitment to UK renewable energy initiatives by lending more than £209m to fund projects in 2011 - with wind energy taking the lion's share of funding.

The Infrastructure Journal revealed that across the banking sector lending grew by nearly 200% on the previous year- with RBS revealed as the largest lender.

In line with this commitment RBS, yesterday (April 18), published its 2011 Sustainability Report, which revealed that 58% of its global energy projects went to renewables, with wind power projects gaining 31% of its total financing. This was followed by solar at 14%, gas fired and biomass at 13%.

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