echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > International Chemical > HSBC will invest £250 million in UK solar and wind farms

    HSBC will invest £250 million in UK solar and wind farms

    • Last Update: 2022-12-28
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Under a new deal with renewable energy investor Greencoat Capital, HSBC's UK Pension Plan will reportedly invest £250 million in UK solar and wind farms
    .
    As a commitment to Green UK Week, pension funds will be used to invest in solar and wind farms, with Greencoat identifying assets
    .

    "Renewable energy infrastructure can provide attractive risk-adjusted returns
    for investors seeking long-term real assets as well as predictable cash flows," said the Chairman of the Board of HSBC Pension Trusts.
    The investment characteristics of these inflation-linked assets are ideally suited to provide the income
    needed to meet our long-term pension liabilities.

    HSBC is no stranger
    to UK solar.
    The bank's UK office building is powered by solar produced by 61MW of Swindon Solar Farm, the UK's largest project arranged through bushing, under a 15-year power purchase agreement
    .

    Managing Partner of Greencoat Capital said: "We are delighted to be working with the country's largest pension fund and helping to fund the implementation of the UK's climate goals
    .

    :/, please indicate the source for reprinting)

    Under a new deal with renewable energy investor Greencoat Capital, HSBC's UK Pension Plan will reportedly invest £250 million in UK solar and wind farms
    .
    As a commitment to Green UK Week, pension funds will be used to invest in solar and wind farms, with Greencoat identifying assets
    .

    solar energy

    "Renewable energy infrastructure can provide attractive risk-adjusted returns
    for investors seeking long-term real assets as well as predictable cash flows," said the Chairman of the Board of HSBC Pension Trusts.
    The investment characteristics of these inflation-linked assets are ideally suited to provide the income
    needed to meet our long-term pension liabilities.

    HSBC is no stranger
    to UK solar.
    The bank's UK office building is powered by solar produced by 61MW of Swindon Solar Farm, the UK's largest project arranged through bushing, under a 15-year power purchase agreement
    .

    Managing Partner of Greencoat Capital said: "We are delighted to be working with the country's largest pension fund and helping to fund the implementation of the UK's climate goals
    .

    :/, please indicate the source for reprinting)

    /
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.