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Offshore wind FIDs to increase 57 per cent by 2022 – Westwood

Offshore wind energy projects final investment decisions (FIDs) will grow 57 per cent in the next 18 months, compared to the 2019-20 period.

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NY State Pension Commits to $400 Million in Sustainable Investments

The majority of commitments were for the world’s largest dedicated greenfield renewable energy fund. The $247.7 billion New York State Common Retirement Fund has committed approximately $400 million to two funds as part of its Sustainable Investments and Climate Solutions (SICS) Program. The commitments are part of New York State Comptroller Thomas DiNapoli’s climate action plan to lower investment risks from climate change and help shift the pension fund to net-zero greenhouse gas emissions within the next 20 years. “While climate change poses investment risks, it also creates opportunities for the state pension fund to invest in the companies and funds that are best positioned for the low-carbon future,” DiNapoli said in a statement. “The commitments we announced today aim to take advantage of the growth in climate investing and to strengthen our portfolio for the long-term.”

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Wind - Vineyard Wind Announces US Based Southwire as Key Supplier - Renewable Energy Magazine, at the heart of clean energy journalism

Wind - Vineyard Wind Announces US Based Southwire as Key Supplier - Renewable Energy Magazine, at the heart of clean energy journalism
renewableenergymagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from renewableenergymagazine.com Daily Mail and Mail on Sunday newspapers.

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Oceanex eyes massive 10GW of offshore and floating wind farms in Australia

21 April 2021 A newly formed offshore wind company – backed by at least one deep pocketed international industrial giant – has revealed ambitious plans to develop more than 9GW of offshore and floating wind farms in Australia, and another 3GW in New Zealand. Oceanex Energy was set up last year by Andy Evans and Peter Sgardelis, two of the founders of Star of the South, which is advancing the massive 2GW project off the coast of Gippsland in Victoria that is likely to be the country’s first offshore wind farm. OceanEx says plans some 7.5GW of floating wind projects at various locations off the coast of New South Wales, strategically located for the impending exit of the states fleet of coal generators, as well as another 2GW of offshore wind projects in Western Australia. It says it is backed by Green Tower, itself backed by Japan industrial group Daiwa.

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Investors share appetite for greenfield renewables : CIP closes green energy fund at $8 4bn

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