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The transition to a low carbon economy is quite simply a monumentous challenge for the 21st century. However, if we get it right, we could see up to 1.25 million people being employed in the energy space by 2015. For the UK, the capital investment required is simply staggering; estimates range between £100 and £200 billion of capital expenditure requirement to be spent by 2020 in order for the UK to meet its 15% reduction in carbon dioxide. The full context, last year the UK spent approximately £5 billion - so we will now double the expenditure every year for the next 10 years.Lloyds Bank Commercial Banking is seeking to create value as a preferred partner and trusted specialist in the development and management of renewable energy assets and businesses. As an example over the last 3-4 years we've financed 40 projects, we have invested £2.5 billion of capital into the renewable energy space, which is sufficient to generate green electricity for around 3 million homes.By harnessing our intellectual capital and financial capabilities, we will work hard to build a long-term relationship with you to help support your business needs and strategies.If you would like more information on our financial solutions, which can help those businesses active in the renewable energy sector, please get in touch with your Lloyds Bank Commercial Banking Relationship Director or contact us.
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