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<p>The Green Investment Bank (GIB) may invest only in specified green sectors. Its
scope to finance projects involving wood based industries is limited to projects that
use either waste wood recovered from landfill or wood pellets made from forestry management
waste as biomass fuel to generate renewable energy. GIB has directly committed £12
million of debt finance to one project that uses waste wood to generate electricity
and £100 million of finance towards the conversion of Drax power station to run partly
on biomass fuel pellets rather than coal. In addition, the Bank has indirectly committed
through its specialist fund managers £37 million of finance to projects that generate
power from recovered waste wood and £21 million to projects that generate power from
biomass pellets. Information about these and other GIB transactions to date can be
found on the GIB website: <a href="http://www.greeninvestmentbank.com/" target="_blank">www.greeninvestmentbank.com</a>.</p>
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