| Abu Dhabi's sovereign wealth fund and two English local authority pension funds have invested a total of £263m in a new dedicated offshore wind fund established by the Green Investment Bank (GIB), BusinessGreen understands. The GIB confirmed today that it had closed the first £463m stage of fundraising for its new offshore wind venture, which includes £200m from the GIB and £263m of private capital.
BusinessGreen has learned that the Abu Dhabi Investment Authority (AIDA) and two English local authority pension funds contributed the private capital. They are expected to make immediate returns on their investments because the GIB has transferred its existing offshore wind investment portfolio into the fund, the bank said...............................................Full Article: Source
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