Nov 03 - Independent, The; London (UK)

Gordon Brown is to announce a Gulf green deal, with oil-rich nations investing in renewable energy in the UK.

The Prime Minister arrived in Saudi Arabia last night as part of a four-day mission to secure billions of pounds from the Gulf States for an expanded IMF bailout fund for nations caught up in the economic chaos.

The Gulf green deal, to be unveiled by Energy Secretary Ed Miliband during the visit, will see Qatar and Abu Dhabi invest in renewable energy projects in the UK. Two weeks ago Abu Dhabis Masdar Initiative announced that it would invest in the London Array offshore wind farm, buying 40 per cent of E.ONs half share, giving it a 20 per cent stake overall.

Mr Miliband said: The Gulfs oil and gas will continue to be a vital source of power for the UK, but with the impending threat of climate change, we need to find cleaner and greener ways of running our economies and heating our homes.

(c) 2008 Independent, The; London (UK). Provided by ProQuest LLC. All rights Reserved.