SYDNEY: Macquarie Group Ltd is betting the North Sea – engine of the United Kingdom’s once-booming oil and gas industry – can be transformed into the green energy hub of Europe. It’s poured more than £50bil (RM268bil) into UK assets since 2005, many of which are in the North Sea. “We believe in the North Sea for energy storage. It’s poured more than £50bil (RM268bil) into UK assets since 2005, many of which are in the North Sea. The bank’s offshore wind projects will produce green hydrogen by 2030, he said.

Source: The North Africa Journal August 08, 2022 04:56 UTC