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Octopus buys two UK biomass plants for NEST-backed fund

By IPE staff2021-04-28T10:40:00+01:00 Octopus Renewables has invested in two UK biomass plants on behalf of its funds, one of which is backed by UK workplace pension provider Nest. The specialist clean energy investor arm of Octopus Group has paid an undisclosed sum to buy the plants with a combined capacity of 85.7MW from a joint venture by Copenhagen Infrastructure Partners and Burmeister & Wain Scandinavian Contractor. The two plants are located in Brigg, North Lincolnshire and Snetterton, East Anglia. The joint venture completed construction of the £162m (€186m) Brigg plant and the £175m Snetterton plant in 2016 and 2017 respectively.

Octopus Renewables leverages Nest investment and acquires biomass plants

Octopus Renewables leverages Nest investment and acquires biomass plants RSS Feed Our RSS feed is provided for personal use. Re-publication of Professional Pensions articles via RSS on another website is a breach of copyright and is prohibited. If in doubt please contact us.RSS feed Most popular content Events Industry Voice Guides If you already have an account please use the link below to sign in. If you have any problems with your access or would like to request an individual access account please contact our customer service team. Octopus Renewables leverages Nest investment and acquires biomass plants Octopus Renewables has acquired two operational UK biomass power plants in one of the largest domestic deals of its kind.

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