In an exciting announcement shared this week, Icelandic Arctic Green Energy and the Government of Singapore Investment Corporation (GIC), a government-owned company assigned to manage Singapore’s sovereign wealth fund, report having set up an ambitious strategic alliance. The goal is to drive the uptake of zero carbon district heating in Europe and Asia. Under the agreement GIC will become an equity partner in Arctic Green Energy and commit a substantial new injection of $240 million to support the expansion of the company in Asia and Europe.
