A bid from Australian bank Macquarie to purchase the Green Investment Bank from the UK Government, for £2.3 billion, has been accepted.
The deal was expected to be completed in January, but this was delayed due to last minute negotiations on price and political opposition.
Labour, the Liberal Democrats and the Green party have criticised the deal, citing the potential for Macquarie to sell off the valuable assets of the Bank, such as wind farms.
Macquarie Group chief executive David Fass said the deal would open new opportunities in low-carbon investment in the UK and further afield. He stated: "We are excited by a business that will take a leading role in the green economy, using the specialist knowledge of our teams in Edinburgh and London."
