UK Green Investment Bank
Public-Private Investment Partnerships
New models in renewable energy finance
听
The UK Green Investment Bank (UKGIB) became operational in October 2012, supported by 拢3 billion (approximately $5 billion) of government money. As part of a multifaceted climate change strategy enacted by the United Kingdom, the bank was founded with a mission of 鈥渁ccelerating the UK鈥檚 transition to a more green economy, and creating an enduring institution, operating independently of government鈥. With an experienced, professional management team in place, the UKGIB's immediate task was to 鈥榗rowd in鈥 private sector funding on new large-scale clean energy infrastructure. But while the strategic mandate for the bank was clear, a series of tactical issues remained about how to select new investments and manage its growing investment portfolio. For instance, how would the team be able to manage conflicting public and private interests? What specific type of investments would best counter market scepticism about the renewable energy projects? Most importantly, what investment evaluation framework would enable them to deliver on their vision of being both 鈥榞reen and profitable鈥?
听