Statoil punts on renewables

AUSTRALIAN firms could be winners from a new $US200 million ($A280 million) energy investment fund launched this week by giant Norwegian energy firm Statoil that will be dedicated to investing in attractive and ambitious growth companies in renewable energy.

Statoil punts on renewables Statoil punts on renewables Statoil punts on renewables Statoil punts on renewables Statoil punts on renewables

The new fund, called Statoil Energy Ventures, will invest the cash globally over the next 4-7 years.

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