A fund managed by Octopus Group鈥檚 specialist clean energy arm has invested in UK wind farms.
Octopus Renewables said the acquisition of the two onshore wind farms, with a combined capacity of 16.8MW, marks the first deployment from the 拢185m (鈧�206m) 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.
Peter Dias, investment director at Octopus Renewables, said: 鈥淭his acquisition adds to our ever-expanding onshore wind portfolio that has seen us become a market leader in the technology.
鈥漅EIP III is also a great example of our ability to unblock further institutional investment in renewables by creating bespoke portfolios of assets for investors.鈥�
In January this year, the National Grid UK Pension Scheme awarded a 拢185m mandate to Octopus Renewables to invest in UK solar and onshore wind assets.
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