In line with Virgin Money’s strategy to at least halve carbon emissions across everything the bank finances by 2030, this is the bank’s first major step towards possessing a loan book comprising at least 5% in sustainable lending by FY22.
The Gresham House alternative investment fund has successfully raised more than £49m from investors to date and currently owns eight operational ground-mounted solar parks in England and Wales. With a total capacity of 48MW, the portfolio generates more than 45GWh of electricity per year – enough to supply more than 12,500 homes and save more than 20,000 tonnes of carbon dioxide emissions annually.
