July 17, 2018 / 10:25 AM / 10 months ago

CORRECTED-Oil trader Vitol, Low Carbon start renewable energy fund

(Corrects job title, bullet point three)

LONDON, July 17 (Reuters) -

* Vitol and privately held investment firm Low Carbon said on Tuesday that they have jointly started a Jersey-based fund called VLC Renewables to invest in renewable energy assets

* The new fund has an initial allocation of 200 million euros and will initially target onshore and offshore wind energy projects

* “By 2025 almost 27 percent of European electricity will be generated from wind and solar. As a major participant in Europe’s power markets and as a significant investor in energy infrastructure worldwide, Vitol is keen to build a portfolio of renewable investments to complement its existing activities,” said Simon Hale, a member of Vitol’s investments team

* Low Carbon invests in a range of renewable energy technologies including solar, wind, waste to energy, combined heat and power, energy storage and energy efficiency (Reporting by Julia Payne; editing by Jason Neely)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below