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Rise in renewable energy loans

The amount of loans given by the Co-operative Bank to help fund renewable energy projects has increased three-fold so far this year, according to new figures reported by MSN Money UK.

The bank lent £232m to 17 projects in the first half of 2012, and is on track to report a similar amount by the end of the year.

Projects include a £13.6m commitment for the funding of a wind project in Wick in the Highlands of Scotland, a £9.5m wind project in Aberdeen and the lending of £8m to residents in the Western Isles of Scotland to develop a wind turbine scheme.

The bank lent a total of £79m last year.

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