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UK clean power banks EU benefits

EIB loans over £1.25bn to renewable schemes in the country in 2016

UK clean power banks EU benefits image

The European Investment Bank (EIB) provided more than £1.25bn to UK renewable energy projects last year, out of total investment of £5.5bn to the country.

The renewables investment included £500m to reinforce electricity transmission in northern Scotland to improve connections to wind, wave and tidal schemes.

A further £525m went to support construction of the 588MW Beatrice offshore wind farm off the Caithness coast of Scotland – the single largest support ever for an offshore wind project by the EIB.

Other energy lending also included support for the 219MW Humber Gateway offshore transmission link, EIB said.

Image: European Investment Bank

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