A group of energy sector entrepreneurs, supported by a Scottish multi-national energy company, has announced the launch of a business venture focused on rolling out large-scale wind and solar farms across the UK and Europe.
Renewco Power on Sept. 22 said it wants to develop more than 4 GW of renewable energy projects in the next five years. The Edinburgh, Scotland-based company on Wednesday said it has received a £24 million ($32.76 million, €28 million) commitment from SSE plc, a low-carbon infrastructure company and a partner of the COP26 global climate summit that will be held in Glasgow, Scotland, in November. The SSE plc funding is via Corran Capital, a UK-based private investment firm focused on the clean energy and environmental sectors.
