Wind Farms Sale Is Breath Of Fresh Air After Merger Setback
The title of this post, is the same as that as an article in the Business pages of The Times.
This is the first paragraph.
Selling stakes in two wind farms for £635million will provide funds to reduce debt and to launch up to £200million of share buybacks, SSE said yesterday.
Amongst the purchasers of the stake in the wind farms is an unnamed British pension fund.
So yet again, we’re seeing pension funds investing our future in wind farms.
It is a trend that will continue, as pension funds look for safe places to put the massive funds they have under management.
- We need the electricity the farms produce.
- The engineering of wind farms will get better, and farms will be more reliable and produce electricity economically for years longer.
- The farrms will probably get the best of maintenance, as pension funds will protect their investment.
In addition to wind, I suspect pension funds and insurance companies will invest in other large renewable energy schemes like solar and wave power and energy storage.
Schemes, such as those I mentioned in Exciting Renewable Energy Project for Spennymoor, will surely be ones that will appeal to the funds.
Conclusion
Pension funds and insurance companies with their massive funds are becoming a major force in vutting carbon emissions.
I suspect that this is not just a UK trend, but one with a world-wide dimension, that includes a lot of the EU, the Far East, North American and Australia.
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