Community and Renewable Energy Investments

Meeting: 
MQT on 2015-11-18
Session date: 
November 18, 2015
Reference: 
2015/3942
Question By: 
Fiona Twycross
Organisation: 
Labour Group
Asked Of: 
The Mayor
Category: 

Question

How many investments and of what value has the LPFA made into community energy and large scale renewable energy schemes?

Answer

Answer for Community and Renewable Energy Investments

Answer for Community and Renewable Energy Investments

Answered By: 
The Mayor

At the end of September 2015, 2.1% of LPFA's assets (c. £92.5m) were invested across 14 clean tech/renewable funds.

Additionally, in the past few weeks LPFA announced the latest investment, a £60m commitment to fund the development and operation of new renewable energy generation via bioenergy plants.

As I made clear in MQT on 18th November, I have no powers of direction over the LPFA and investment decisions are made by the LPFA Board.