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Octopus Acquires UK Biomass Plants for NEST-Backed Fund (Int'l.)
Octopus Renewables,Copenhagen Infrastructure Partners
Date: 2021-04-30
Octopus Renewables has invested an undisclosed sum in two UK biomass plants -- one in Brigg, North Lincolnshire the other in Snetterton, East Anglia -- totaling 85.7MW from a joint venture by Copenhagen Infrastructure Partners (CIP) and the contractor Burmeister & Wain, The acquisition was on behalf of and backed by UK workplace pension provider Nest.

In March, Nest hired Octopus Renewables to help invest £250 million of UK defined-contribution pension capital in clean-energy infrastructure this year. Nest, which manages £16 billion of assets from the UK's auto-enrolment scheme is aiming to invest £1.4 billion in the European renewables sector by the end of the decade. (Source: Octopus Renewables, PR, IP&E, 28 Apr., 2021) Contact: Nest, www.nestpensions.org.uk; Copenhagen Infrastructure Partners, Kristina Negendahl Jessen, +45 70 70 51 51, cip@cip.dk, www.cip.dk

More Low-Carbon Energy News Octopus Renewables,  Biomass,  UK Biomass,  Copenhagen Infrastructure Partners ,  


Octopus Renewables Fund Acquires UK Wind Farms (M&A, Int'l.)
Octopus Renewables,Infinergy
Date: 2020-07-15
In the UK, a fund managed by London-based Octopus Group's specialist clean energy arm is reporting the acquisition of two onshore wind farms with a combined capacity of 16.8MW, marking the first deployment from the £185 million ($231.1 million) Renewable Energy Income Partnership (REIP) III fund.

The South Lanarkshire wind farm was acquired from Muirhall Energy, WWS Renewables and a private investor and the Northamptonshire wind farm was acquired from Muirhall Energy, WWS Renewables and Infinergy. (Source: Octopus Renewables, IPE, 13 July 2020)Contact: Octopus Renewables, Peter Dias, www.octopusrenewables.com; Muirhall Energy, +44 1501 785088, www.muirhallenergy.co.uk; Infinergy, www.infinergy.co.uk

More Low-Carbon Energy News Octopus Renewables,  Wind,  Infinergy,  


Investors Double Renewables Investments by 2030, Survey Predicts (Ind. Report)
Octopus Group
Date: 2019-10-16
A new Octopus Survey Group survey of approximately 100 investors representing an estimated $5.9 trillion in combined assets predicts a joint divestment of 15.6 pct in oil and gas portfolios, almost triple the rate of 5.7 pct predicted for 2020, representing a total of $920 billion out of fossil fuel investments by 2030.

The Octopus Group survey indicates that renewable energy is set to benefit as institutional investors increase clean energy allocations to 5.2 pct by the end of 2020, and predict this figure more than double to 10.9% by 2029.

Surveyed companies alone are due to invest $643 billion in renewables over the next decade, with 71 pct of these businesses affirming their belief that investment strategies could be used to make a "material difference" in the fight on climate change. (Source: Octopus Group, Smart Energy, 14 Oct., 2019) Contact: Octopus Group, Matt Setchell, Co-head of Octopus Renewables, www.octopusgroup.com.au

More Low-Carbon Energy News Renewable Energy,  

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