1 Jun (NucNet): Energy investment company Ocean Nuclear today announced the launch of a $5bn nuclear energy industry fundraising initiative in London.
The Chinese company has negotiated nuclear infrastructure projects in more than 20 countries and will use 144 meetings in London to raise money for the programmes.
Ocean Nuclear has backing from companies including Silk Road Energy, which aims to raise $80m, and has been backed by the Belt and Road initiative, a Chinese government investment strategy that focuses on cooperation between Eurasian countries.
Other funding partners include the Sunac China Infrastructure Fund, which is looking to raise $2bn.
Ocean Nuclear’s chairman Zhen Qiu said the company hopes that together the initiative will act as a catalyst for Sino-British nuclear cooperation and for investment and advancement in the nuclear industry.
“With some strong brands from the world of infrastructure investment already involved, we are confident we can achieve our ambitious phase one global fundraising target of $5bn and there is no better place to start the European stage of our tour than the powerhouse of finance that is London.”
Following the London funding round, Ocean Nuclear will also look to raise money around Europe.
Ocean Nuclear was founded in 2017 and specialises in providing capital market services to energy projects worldwide. The company has offices in London, Hong Kong, Shenzhen, and Shanghai.
