UK Green Investment Bank to back hospital CHP

In its fourth investment in the UK’s National Health Service (NHS), the nation’s Green Investment Bank (GIB) is to provide à‚£1.1 million (US$1.8 million) for a combined heat and power project.

With GIB funding, a 1.3 MW CHP unit will be installed at Cheltenham General Hospital in Gloucestershire. The system is expected to reduce the hospital’s energy costs by 40%, as well as cutting greenhouse gas emissions by 30%.
Cheltenham General Hospital

To fund the à‚£3.1 million project, in addition to the GIB funds, the Aviva Investors REaLM Infrastructure Fund will provide à‚£1.1 million. The project will also receive a à‚£900,000 grant from the Department of Health.à‚ 

‘Dealing with more than a million patients every 36 hours across some 2300 hospitals, the NHS is a heavy user of energy. I am delighted to see the Green Investment Bank making another NHS investment, helping save money and reduce emissions,’ said Norman Lamb, minister of state for health.

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