British bank bids farewell to biomass

Not long after the privatization of British Green Investment Bank, major biomass assets are now being divested.

Photo: Ole Lind

Massive criticism fell on the British government earlier this year when it was decided that the Green Investment Bank (GIB) be divested to Australian equity fund Macquarie. Critics feared that the sale would trigger rapid divesting of the assets in GIB.

And selling assets is indeed on the agenda at the GIB. The bank has announced that it has divested 20 biomass plants to buyer Bioenergy Infrastructure.

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