Google and Microsoft are looking at possible investments in offshore wind farms in Britain, as part of their strategy to “green” their electricity use, a leading adviser to the energy industry has said.
Interest from large multinationals and other investors new to the offshore wind business is holding out a lifeline for an industry hit by a collapse in traditional sources of finance.
John Lynch, the head of power for Europe at Bank of America Merrill Lynch, said he “would not be surprised” if information technology companies keen to cut their carbon dioxide emissions were to invest in European offshore wind “in the not too distant future”.
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