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Green Investment Bank forms Masdar investment alliance
The Green Investment Bank (GIB) has entered a partnership with an Abu Dhabi’s state-backed renewable energy company to explore investment opportunities in the UK’s clean energy sector, reports Insider Media Limited.
GIB is set to sign a memorandum of understanding with Masdar today (1 May) to coincide with a state visit to the UK by Sheikh Khalifa bin Zayed Al Nahyan, president of the United Arab Emirates.
Under the agreement, the two parties will consider opportunities to jointly invest in green infrastructure projects in the UK over the next seven years.
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