EnergyWatch

Oil trader invests DKK 1.5 billion in wind

Swiss-based Vitol wants to co-invest in renewable energy, and a fund with an appetite for wind will help realize it.

Although oil is a vital part of Vitol's identity and its logo is an image of a golden drop of oil, the large-scale oil trader is now investing in wind energy. Vitol writes in a statement that together with Low Carbon, it has established a new fund for the purpose of investing in offshore and onshore wind energy.

The fund, VLC Renewables is investing EUR 200 million, which corresponds to DKK 1.490 million.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Nel books another operating deficit

Despite achieving a positive bottom-line figure in this year’s first quarter, Nel Hydrogen books yet another substantial operating deficit in the second quarter, albeit improving the result against the same period last year.

Further reading

Related articles

Latest News

See all jobs