UK Renewable Energy Sector Gets Boost

Britain’s Export Credits Guarantee Department (ECGD) has made £50 million (US$78.8 million) available for the Renewable Energy sector to help developing countries limit greenhouse gas emissions.

London, England – April 2, 2003 [] “This initiative strengthens ECGD’s commitment to sustainable development by giving developing countries better access to Renewable Energy technology sourced from exporters and investors based in the UK,” said International Trade Minister Baroness Symons. ECGD and the Department for Trade and Industry have been working in partnership with exporters, investors and overseas buyers to identify and support new Renewable Energy opportunities as part of a government-wide drive to encourage the development of power generation from renewable resources both in the UK and abroad. “The challenge is now on for British companies to put forward viable Renewable Energy projects that can be supported by ECGD,” said Symons. ECGD has already received three applications from UK exporters in advance of the announcement.
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