ABP presents plan to turn Port of Barrow into renewables hub
Sep 18, 2024 14:41 CESTThe UK's Strathclyde Pension Fund is investing another GBP 30 million (USD 39.4m/EUR 35.8m) in the UK Green Investment Bank's (GIB) Offshore Wind Fund, taking its overall commitment to the fund to GBP 80 million.
The Strathclyde Pension Fund Committee this week approved the GBP-30-million investment as follow-on to a previously approved commitment of GBP 50 million.
According to a report prepared for the quarterly committee meeting, GIB has approached investors for additional funding for the purchase of a new asset offering a "highly compelling" business case, or others in the pipeline. The report says that the assets acquired by the GIB offshore wind fund so far have produced strong initial cash yields for investors and that SPF's follow-on investment will increase its exposure to existing assets, as well as any new purchases.
(GBP 1.0 = USD 1.313/EUR 1.194)
ABP presents plan to turn Port of Barrow into renewables hub
Sep 18, 2024 14:41 CESTThrive buys rights to CfD-backed wind project in South Wales
Sep 17, 2024 15:34 CESTSSE to offtake power from Scotland's 1.1-GW Inch Cape offshore park
Sep 17, 2024 9:06 CESTRovco, Vaarst unite under new name
Sep 16, 2024 15:10 CESTCKI, CKA get EU nod to buy UK wind farm assets from Aviva
Sep 11, 2024 16:08 CESTCrown Estate sets out approach to 20-30 GW of offshore wind leasing
Sep 11, 2024 14:50 CEST