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Green Investment Bank: Wales

Question for Department for Business, Innovation and Skills

UIN 225374, tabled on 25 February 2015

To ask the Secretary of State for Business, Innovation and Skills, how much has been paid by the Green Investment Bank to projects in Wales in each year of that bank's operation.

Answered on

6 March 2015

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.

Answered by

Department for Business, Innovation and Skills