U.K. Green Bank to Help Hospitals Cut Energy Waste and Bills

Sept. 25 (Bloomberg) — The U.K.’s Green Investment Bank
and Rabobank Group’s De Lage Landen unit said they’re investing
50 million pounds ($82 million) to curb energy waste and cut
bills at British hospitals.

The GIB and De Lage Landen are each providing 25 million
pounds of funding to support the installation of energy-efficiency measures at U.K. hospitals, the GIB said today in an
e-mailed statement. The National Health Service spends more than
750 million pounds a year on energy, it said.

The first project being funded by the alliance will be at
Queen’s Medical Centre, part of Nottingham University Hospitals
NHS Trust, it said. About 7.5 million pounds is being invested
to install energy generation and saving measures, it said.

“As one of the country’s most energy-intensive
organizations, the NHS could save up to 150 million pounds each
year by putting in place energy-efficiency measures,” GIB Chief
Executive Officer Shaun Kingsbury said. “The project at Queen’s
Medical Centre is expected to reduce the trust’s energy costs
and save around 7,400 tons of carbon dioxide each year,
equivalent to taking 3,300 cars off the road.”

To contact the reporter on this story:
Louise Downing in London at

To contact the editors responsible for this story:
Reed Landberg at
Ana Monteiro, Alastair Reed

About BloombergNEF

BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.
Sign up for our free monthly newsletter →

Want to learn how we help our clients put it all together? Contact us