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Octopus secures £190m for offshore wind fund

Octopus Energy has secured £190m cornerstone investment from Tokyo Gas for a fund that is poised to invest £3bn in offshore wind globally by 2030.

The investment from Tokyo Gas has helped Octopus Energy to establish its first offshore wind fund, which is set to focus on fixed-bottom and floating projects in Europe. Octopus manages £6bn of renewable energy projects and made its first investments in offshore wind in 2022.

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