Oil and gas services firm Wood clinches £430m UK green transition loan

Cecilia Keating
clock • 3 min read
Oil support boats moored near an offshore wind farm in Aberdeen | Credit: iStock
Image:

Oil support boats moored near an offshore wind farm in Aberdeen | Credit: iStock

Scottish firm snaps up £430m loan from export credit agency UKEF to boost its clean growth portfolio and reduce its emissions

UK Export Finance has issued its first ever "green transition loan", confirming it has agreed to provide $430m to energy engineering and services firm Wood to grow its low-carbon business over the next...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Accountants' group calls for more demanding UK sustainability reporting rules

Accountants' group calls for more demanding UK sustainability reporting rules

The Institute of Chartered Accountants of Scotland (ICAS) argues the government's proposed Sustainability Reporting Standards are not comprehensive enough, reports Roger Harrabin

Roger Harrabin
clock 08 May 2025 • 4 min read
ScottishPower secures £1.35bn for UK grid upgrade projects

ScottishPower secures £1.35bn for UK grid upgrade projects

Debt financing package includes £600m from the National Wealth Fund, alongside funding from a range of banks and investors

Michael Holder
clock 08 May 2025 • 3 min read
Pension schemes 'pulling ahead' of sponsors on ESG progress, LawDeb says

Pension schemes 'pulling ahead' of sponsors on ESG progress, LawDeb says

Research finds finance leaders believe pension schemes are taking a lead on environmental targets and social impact

Holly Roach, Professional Pensions
clock 07 May 2025 • 2 min read