Canadian Pension Fund To Consolidate Its Offshore Wind Holdings Into UK-Based Reventus Power
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
Canada Pension Plan Investment Board (CPP Investments) will consolidate its existing direct and indirect offshore wind holdings into Reventus Power, its UK-based portfolio company, which will become its dedicated global offshore wind platform.
This first paragraph gives more details.
Subject to customary approvals, the move will see Reventus Power growing its teams in the UK, Germany, Poland and Portugal to form a team of approximately 50 offshore wind specialists, according to CPP Investments, whose current exposure to offshore wind is more than CAD 1 billion (approximately EUR 678 million; USD 737 million).
According to their web site, the Reventus HQ is in London.
There is nothing on the web to indicate a special reason, so it must have been one of the following.
- Canadians like investing in the UK.
- The UK is good for tax reasons.
- London has all the lawyers, accountants and other services they will need.
- I suspect several wind farms, that they will develop will be in UK waters.
- Many of the extra staff, they have said they will recruit will be UK-based or UK-educated.
But overall, it must be a feather in its cap for London.
MAN Expands Its Zero-Emission Portfolio
The title of this post, is the same as that of this press release from MAN.
This is the first paragraph.
Commercial vehicle manufacturer MAN Truck & Bus will be the first European truck producer to launch a small series with a hydrogen combustion engine. The initially planned small series of around 200 units is to be delivered to customers in Germany, the Netherlands, Norway, Iceland and selected non-European countries as early as 2025. The “MAN hTGX”, as the vehicle will be called, offers an alternative zero-emission drive variant for special applications, for example for transporting heavy goods – such as construction work, tank transport or timber transport. The hTGX can also be an environmentally friendly alternative to battery-electric trucks for use in areas without sufficient charging infrastructure or for markets where sufficient hydrogen is already available. MAN will hand over its battery-electric truck to customers for the first time in 2024 and scale it up from 2025. MAN has been the market leader for electric city buses in Europe since 2023.
Note.
- The hydrogen truck is based on the proven TG vehicles.
- The engine is a hydrogen version of one of their current diesel engines.
- The vehicle will satisfy the forthcoming EU regulations on carbon dioxide emissions.
- The maximum range is up to 600 kilometres, which would allow London and Edinburgh, provided there was a hydrogen supply at both ends.
- With hydrogen compressed to 700 bar (CG H2) and a tank capacity of 56 kg, the vehicle can be refuelled in less than 15 minutes.
This could be a very useful truck for the UK.
The Anonymous Widower 