UK provides £217m to fund largest Turkish solar project

The 1.35GW facility is the size of 4,600 football pitches and will provide two million Turkish households with renewable energy

Government launches COP26 campaign to make more businesses ‘go green’

UKEF has projected that green trade will be worth £1.8tn by 2030 and is calling for more exporters to take advantage of this

Paper-based tea bag maker gets $1m government backing

The company from Manchester has developed environmentally friendly tea bags to cut down producers’ footprints

UKEF targets net zero emissions by 2050

The export credit agency has committed to making all of its £50 billion capacity carbon-neutral by 2050 on a net basis

UK Export Finance allocates £2bn for clean growth projects

The export credit agency’s direct lending facility has been more than doubled to £8 billion by Chancellor Rishi Sunak

UK ‘must end support of fossil fuel projects in poorer countries’

The Environmental Audit Committee says UK Export Finance is undermining the UK’s international climate and development targets

Gas turbine project in Iraq secures $211m UK funding

UK Export Finance (UKEF) is to provide $210.8 million (£148.9m) to help General Electric (GE) Global Services secure a landmark gas turbine contract in Iraq. The project will upgrade and repair existing turbines across 10 sites to deliver an improved and secure power source, able to generate 6.5GW of capacity and powering millions of homes across […]

UK offers ‘enhanced’ overseas investment insurance

The UK is providing an “enhanced” overseas investment insurance (OII) policy to protect businesses investing abroad, including in the oil and gas industry. OII can protect an investor in the UK against potential losses on investments, primarily related to political or extraneous events. UK Export Finance (UKEF) is offering UK businesses wider access to government-backed […]

UK supports revolutionary green project in the UAE

The UK has supported a contract to build a revolutionary environmental building in the United Arab Emirates (UAE). Loans from UK Export Finance (UKEF) helped Carillion secure a contract worth “tens of millions of pounds” to build environmental management company Bee’ah’s new headquarters in Sharjah, UAE. The building, which was was designed by the late Dame Zaha Hadid, the world-renowned British […]

UK Export Finance pumps $400m into Ghanaian gas project

UK Export Finance (UKEF) is supporting a GE Oil & Gas contract in Ghana with funding worth $400 million (£318m). The cash will help the company secure an $850 million (£676m) deal for the Offshore Cape Three Points project. GE Oil & Gas is providing subsea production systems for the project, which will include the […]