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Banks Invest $82M in Energy Projects at UK Hospitals

September 30, 2014 By Linda Hardesty

The UK’s Green Investment Bank and Rabobank Group’s De Lage Landen unit are investing $82 million on energy efficiency projects at UK hospitals, reports Bloomberg.

The two banks are each providing $41 million to help the National Health Service save on its annual $1.2 billion energy bill.

The first project the banks are funding is at Queen’s Medical Centre. The banks will invest about $12 million on energy saving measures, says Bloomberg.

Earlier this year, the Green Investment Bank announced it was providing $27 million toward a new energy innovation center for Cambridge University Hospital’s National Health Service Foundation Trust, for hospitals in the Cambridge area. That investment garnered a further $27 million of private capital into the project from Aviva Investors Realm Infrastructure Fund.

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