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Innova sells on rooftop PV portfolio to Octopus Renewables
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Octopus Renewables snaps up independent distribution network operator Eclipse
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Octopus Renewables has announced the acquisition of a 49% stake in the Rodene onshore wind farm from asset management company Mirova.
The onshore wind farm, located outside Alingsås in Västra Götaland, Sweden, is currently under construction by RES under an engineering, procurement and construction (EPC) contract.
Once operational, Rodene will compromise 13 wind turbines with a total capacity of 85.8MW, the equivalent of powering 40,000 homes in Sweden, resulting in a yearly saving of 230,000 tons of CO2 equivalent.
The wind farm is expected to be fully operational in the second half of 2022.
Octopus Renewables is the largest investor of utility scale solar power in Europe, as well as a leading investor in onshore wind and biomass, managing a global portfolio valued at more than £3bn.
Octopus and Zestec to invest £100m in solar assets
The partnership has already contracted more than £10m worth of projects and focuses on rooftop solar and private ground-mount systems
Image: Shutterstock
Octopus Renewables has joined forces with Zestec Asset Management to deliver a target investment of more than £100 million into new-build solar assets in the UK.
The partnership has already contracted more than £10 million worth of projects and focuses on rooftop solar and private ground-mount systems.
Octopus and Zestec aim to sign Power Purchase Agreements (PPAs) for their solar photovoltaic systems to as many organisations and landlords as possible, varying between 10 and 25 years.
Published: 13 May 2021, 11:03
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Image: Octopus Group.
Octopus Renewables has announced a new partnership with Zestec Asset Management to deliver more than £100 million of new build UK solar assets.
Funds managed by the specialist clean energy investor arm of the Octopus Group will be used to develop both rooftop solar and private wire ground-mount systems. Already, together the companies have over £10 million of contracted projects, and are continuing to build out their pipelines.
By partnering with the asset manager, Octopus Renewables aims to give landlords looking to utilise solar through the Power Purchase Agreement (PPA) model confidence that installations will be maintained throughout their life.
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