LETTERONE IS LOOKING
REUTERS wrote, LetterOne, Russian billionaire Mikhail Fridman's investment vehicle, is looking at acquisitions in renewable energy and oil assets in the North Sea outside of Britain, its executive chairman John Browne told Reuters.
"We have been looking at it (renewable energy) and we would like to do it. We are figuring out exactly how to. We haven't decided the scale," Browne said in an interview on the margins of an oil conference in Stavanger, Norway.
He said options could include wind power, solar power, biomass and energy storage.
On oil, LetterOne was on the look-out for oil assets in the North Sea to add to its gas-heavy portfolio, Browne said, adding that L1 was not currently looking at oil assets in Britain.
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