Ørsted wants all suppliers to use 100% renewable power by 2025
Aug 10, 2022 18:04 CESTOctober 14 (Renewables Now) - Clean energy investor Octopus Renewables has won a GBP-150-million (USD 204.5m/EUR 176.7m) corporate pension mandate to invest in renewable energy infrastructure projects through a new fund.
The mandate was secured from an unspecified UK-based institutional investor, the Octopus Energy Group subsidiary said on Wednesday.
The proposed investments will be carried out through a new fund dubbed Renewable Energy Income Partnership IV (REIP IV). Its major goal will be to invest in various renewable energy assets, such as wind and solar, in the UK and Europe.
Octopus Renewables noted that it has secured the mandate at a time when interest from institutional investors and pension funds in renewable energy assets is growing. The milestone follows Octopus' recent engagement by pension scheme Nest to lead its plan of spending around GBP 250 million in renewable energy infrastructure projects in the UK and Europe, as well as a GBP-185-million mandate from National Grid UK Pension Scheme, which is pursuing solar and onshore wind investments in the UK.
“With predictable income, diversification and sustainable investment all at the forefront of institutional investors’ minds, renewable energy is an incredibly attractive asset class,” said Chris Hulatt, co-founder at Octopus Group.
Octopus Renewables currently manages more than GBP 3 billion worth of onshore wind, solar and biomass assets globally.
(GBP 1.0 = USD 1.363/EUR 1.178)
Ørsted wants all suppliers to use 100% renewable power by 2025
Aug 10, 2022 18:04 CESTPlug Power's Q2 top line rises, bottom line drops
Aug 10, 2022 17:53 CESTCVS Health signs up for 42 MW from Indiana solar project
Aug 10, 2022 16:14 CESTFord agrees 650-MW solar procurement in Michigan
Aug 10, 2022 15:59 CESTModus to buy 28-MW Polish solar portfolio from Equinor's Wento
Aug 10, 2022 15:49 CESTCrown Estate Scotland opens INTOG offshore wind leasing round
Aug 10, 2022 15:30 CEST