We are a leading investor in the
UK's offshore wind industry

The UK Green Investment Bank has invested £1.6bn in the UK’s offshore wind sector, backing nine projects with a total capacity of c. 3.2GW of renewable power. We invest directly in projects in the construction phase and in operational offshore wind farms. By investing on fully commercial terms we create a demonstration effect that other investors can follow.

The UK is an attractive location for investment in offshore wind. The combination of natural resources (strong and consistent wind), favourable locations for turbines, a stable regulatory regime and a well-established and experienced industry has helped the UK secure its position as one of the global leaders in the development of offshore wind.

The UK Green Investment Bank has pursued a dual strategy of financing construction projects to help the UK offshore wind development pipeline and financing operational projects to free up developers’ capital to re-invest in the green infrastructure sector.

In pursuit of this strategy the UK Green Investment Bank has invested in nine offshore wind projects – Lincs, Galloper, Rampion, Sheringham Shoal, Westermost Rough, Gwynt y Môr, Rhyl Flats, London Array and Walney.

In addition to our own investments in the UK’s offshore wind market, the UK Green Investment Bank established a fund, the UK Green Investment Bank Offshore Wind Fund and managed co-investment entities (the Fund), through its wholly owned subsidiary UK Green Investment Bank Financial Services Limited (GIBFS), to invest in operating offshore wind farms in the UK. The Fund is the first in the world to be dedicated solely to investments in offshore wind power generation and is the largest renewable energy fund in Europe. The Fund’s portfolio now consists of six assets with a total capacity of 1.45GW, forecast to result in the avoidance of almost 2 million tonnes of greenhouse gas emissions each year.




Offshore wind contacts

Nick Gardiner

view bio

Nick Gardiner

Managing Director, Head of Offshore Wind

Mark Giulianotti

view bio

Mark Giulianotti

Managing Director

Nigel Slater

view bio

Nigel Slater

Managing Director

Paul McAdam

view bio

Paul McAdam

Director