A consortium of companies led by the Australian company Macquarie Group has completed the acquisition of the UK Green Investment Bank (GIB) from the British government for £2.3bn (around €2.75bn). The consortium includes in particular Macquarie Group Limited, Macquarie European Infrastructure Fund 5 and Universities Superannuation Scheme. The new owners have committed to the former GIB target of leading £3bn of investments in green energy projects over the next 3 years. The transaction was announced in April 2017 after a competitive process.
The GIB is specialized in project finance development and construction as well as asset management of green energy infrastructure. As of 2017, the GIB has namely invested around £3.4bn in UK green infrastructure projects, of which £1.6bn in 3.2 GW of offshore wind generation capacity. The bank also invested in solar projects with a total joint capacity of 1.8 GW, 30 waste and biomass projects as well as 2 millions of smart meters throughout the country.
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