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Octopus Energy’s generation arm launches its first offshore wind fund. The fund, set up with a £190 million (€220 million) investment from Japanese energy company Tokyo Gas, plans to invest £3 billion (€3.5 billion) in offshore wind globally by 2030.
Projects will focus on Europe, and the Octopus Energy Offshore Wind Fund will invest in the development, construction, and operational stages of offshore wind farms, as well as companies creating new offshore wind. It will look into projects with fixed offshore wind turbines as well as floating offshore wind turbines.