LONDON, UK: Octopus Renewables Infrastructure Trust has exercised the call option announced in October 2021 and completed the acquisition of two onshore wind farms in Finland. The total consideration for the acquisition, including the option deposit and funding for the final construction payments was approximately €140 million. The Saunamaa and Suolakangas wind farms have a…
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Octopus acquires two in-construction Polish onshore wind projects
LONDON, UK: Octopus Renewables Infrastructure Trust has acquired two in-construction onshore wind farms in Poland from the PNE Group, an experienced German developer of wind projects across Europe. The “Krzecin” and “Kuslin” wind farms, with a combined capacity of 58.8 MW once completed, will benefit from a high percentage of fixed price revenues under the…
Octopus Renewables to buy 250MW solar sites in Ireland for £125 million
LONDON, UK: Octopus Renewables Infrastructure Trust has agreed to acquire a portfolio of solar PV sites in Ireland from Statkraft Ireland Limited, a news release said. The portfolio consists of five sites near Dublin, Ireland that are expected to have an installed capacity of up to 250MW. These assets form part of the pipeline assets…
Octopus Renewables buying rights to construct 50MW Cumberhead Wind Farm
LONDON, UK: Octopus Renewables Infrastructure Trust plc has signed a Share Purchase Agreement to acquire 100% of the rights to construct the Cumberhead Wind Farm, a 50MW onshore wind farm located in South Lanarkshire, Scotland from RDC Partners LLP. Completion of the acquisition is conditional upon achieving ready-to-build status which is expected to occur in…
Octopus Renewables completes €56 million acquisition of construction ready wind project in France
LONDON: Octopus Renewables Infrastructure Trust plc has completed the acquisition of 100% of the Cerisou wind farm, a construction-ready onshore wind project in the Vienne department of France, a news release said. The project has been acquired from RES SAS (RES), part of the RES Group, a leading worldwide developer, constructor and manager of renewable…
Octopus Renewables to buy 4 solar PV sites in Spain for €37.8 million
LONDON: Octopus Renewables Infrastructure Trust has entered into a Share Purchase Agreement (SPA) for the acquisition of a 100% interest in a portfolio of solar PV assets located in Southern Spain, with completion of the acquisition conditional on the assets becoming ready to build, a news release said. The portfolio consists of 4 solar PV…