PIC invests £115m in offshore wind farm debt

Stephanie Baxter
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PIC invests £115m in offshore wind farm debt

Pension Insurance Corporation (PIC) has invested in the expanding offshore wind sector for the first time, expanding its asset allocation to renewable energy.

The defined benefit pension fund insurer has allocated £115m towards debt financing for the acquisition of 50% in the Walney Extension Offshore Wind Farm Project, which will become the world's larg...

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