Wind Power: Seas and Oceans

(asked on 21st February 2017) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate he has made of the future asset value of the UK Green Investment Bank's investments in the Galloper and Rampion wind farms upon completion of their construction.


Answered by
Nick Hurd Portrait
Nick Hurd
This question was answered on 27th February 2017

The Government is undertaking a robust valuation process for the Green Investment Bank, using both market-based assumptions and HM Treasury Green Book methodology, and making use of external advice on valuation from expert financial advisors. In this, the Government is following the National Audit Office’s recommendations on asset sales.

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