Scotland Bank May Lend $631 Million to Clean Power, Focusing on Biomass

Scotland Bank May Lend $631 Million to Clean Power, Focusing on Biomass | Renewable Energy News Article

renewableenergyworld.com 24 Jan '13, 5pm

Scotland Bank May Lend $631 Million to Clean Power, Focusing on Biomass

The bank is working on about five deals to support plants that will use organic matter such as wood chips to generate electricity, said Andrew Buglass, head of energy in RBS’s structured finance division. The facilities, to be built from scratch, will each have a capacity of 50 to 150 megawatts, he said. Projects of that size may cost as much as 300 million pounds and RBS expects other banks to invest as well. Britain’s biomass industry has gained momentum following clarification of government support levels in July. The Department of Energy and Climate Change estimates bioenergy plants using wood chips and organic waste to produce heat and power may meet 8 percent to 11 percent of the nation’s primary energy demand in eight years. The bulk of the bank’s lending last year was on wind and solar power, Buglass said in an interview in London, as it laid the groundwork for the...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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@ElectricityNH » 05 Feb '13, 12am
Scotland Bank May Lend $631 Million to Clean Power, Focusing on Biomass @ResidentPowerNH [link]
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RT @takvera: “@RealSolar Scotland Bank May Lend $631 Million to Clean Power, Focusing on Biomass [link] unlike @ANZ_AU funding #coalbomb
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“@RealSolar Scotland Bank May Lend $631 Million to Clean Power, Focusing on Biomass [link] unlike @ANZ_AU funding #coalbomb
@EcoManLeader » 24 Jan '13, 7pm
#Bioenergy Royal Bank of Scotland Group Plc, Britain's biggest government-owned lender, may channel as much as 400... [link]
@CIMAGreenLLC » 24 Jan '13, 7pm
RT @waterburyleap: Scotland Bank May Lend $631 Million to Clean Power, Focusing on Biomass [link] #renewableenergy
@marcoverhoef » 24 Jan '13, 7pm
Schotland: Biomassa Centrale goed voor 10% van energieaanbod in komende 10 jaar. [link] #EnecoPulse
@aDissentient » 24 Jan '13, 7pm
@FOE_Scotland You could have a protest outside RBS offices [link] @Colin_McInnes
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#Fuel Filed under: Biofuel News [link]
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RBS Group PLC may channel £400mill into Clean Energy, with a focus on #Biomass [link]
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Scotland Bank May Lend $631 Million to Clean Power, Focusing on Biomass [link]
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Scotland Bank May Lend $631 Million to Clean Power, Focusing on Biomass Royal Bank of Scotland Group Plc, Britain's b [link]
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Scotland Bank May Lend $631 Million to Clean Power, Focusing on Biomass [link]
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Scotland Bank May Lend $631 Million to Clean Power, Focusing on Biomass [link]
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Scotland Bank May Lend $631 Million to Clean Power, Focusing on Biomass [link]
@GreenHomeSask » 24 Jan '13, 5pm
Scotland Bank May Lend $631 Million to Clean Power, Focusing on Biomass [link]