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Insider UK
Insider UK
National
Peter A Walker

North Star raises £140 million to build next wave of renewables fleet

North Star Scottish National Investment Bank Partners Group RBC Capital Markets

North Star has secured a £140m financing package to support the next phase of its offshore wind growth plan, as it looks to broaden its position as a leading service operations vessel (SOV) operator and seize new opportunities in Europe.

The investment includes a £50m commitment from the Scottish National Investment Bank, as well as IFM Investors, Edmond de Rothschild’s BRIDGE and RBC Capital Markets.

North Star, which is owned by Swiss private markets firm Partners Group, has bases in Aberdeen, Lowestoft and Newcastle, and has been operating in the North Sea for 135 years.

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