EnergyWatch

London's investment banks are hungry for offshore wind

For several years, offshore wind has held a poor reputation in financial circles for being a risky and expensive venture which should only be taken on by major energy companies. But technology is now so mature and prices have declined so much that the atmosphere has changed, says one of Europe's largest green funds.

Photo: Fred.Olsen Windcarrier

LONDON

While energy companies such as Dong and Vattenfall have invested massively in offshore wind for many years, the enthusiasm among European equity funds and investment banks has been more modest. The offshore appetite among pension funds has existed for several years, but particularly in recent years this trend has been lead by Danish pension funds. And now, investment banks and other equity funds are joining in.

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