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Octopus Renewables backs Finnish renewables developer

Octopus Renewables Infrastructure Trust has committed to invest up to €3.5m to set up and fund Nordic Renewables Limited, a new development platform focused on renewable energy assets in Finland. The investment is made alongside an equal amount from another fund managed by Octopus Renewables Limited.

Nordic Renewables Limited will benefit from an exclusive joint development arrangement with Nordic Generation Limited, a specialist developer focused on the Finnish market and managed by a team of industry veterans from the UK and Finland.

Nordic Renewables Limited will initially target the development over the next 3-5 years of onshore wind farms and solar PV assets in Finland with a potential combined capacity of approximately 400MW. The trust and the other Octopus managed fund will benefit from preferential rights to fund the construction of the projects reaching ready to build stage.

This is the third investment that the trust has made in a developer – we talked about the trust on the weekly show a couple of weeks ago. You can listen back here.

ORIT : Octopus Renewables backs Finnish renewables developer

 

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