• AutoTL;DR@lemmings.worldB
    link
    fedilink
    English
    arrow-up
    1
    ·
    11 months ago

    This is the best summary I could come up with:


    LONDON, Nov 17 (Reuters) - Britain’s Octopus Energy said on Friday its renewables investing arm had launched a dedicated fund with Japan’s Tokyo Gas (9531.T) to invest 3 billion pounds ($3.7 billion) in offshore wind projects by 2030.

    The Octopus Energy Offshore Wind fund, set up with a 190 million pound cornerstone investment from Tokyo Gas, will invest in offshore wind farms as well as companies creating new offshore wind capacity, with a focus on Europe, Octopus said.

    The fund will look at both traditional offshore wind turbines and floating turbines.

    “The potential to make a positive impact, boost energy security and reduce fossil fuels dependence is massive with offshore wind,” said Octopus Energy Generation Chief Executive Zoisa North-Bond.

    Octopus Energy Generation has said it plans to invest $20 billion in offshore wind by 2030, with an aim to boost energy security and reduce dependence on fossil fuels.

    ($1 = 0.8052 pounds)


    The original article contains 152 words, the summary contains 152 words. Saved 0%. I’m a bot and I’m open source!