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Octopus Renewables completed the acquisition of "Krzecin" wind farm of PNE Group.

Synopsis

Octopus Renewables, a closed-ended investment company, completed the acquisition of "Krzecin" wind farm of PNE Group, a German developer of wind projects across Europe. Financial terms were not disclosed. “We are delighted to have completed this acquisition and to have developed a strong relationship with a highly experienced developer. These projects benefit from attractive government-backed fixed revenues, in a market which is set to experience significant growth in renewable capacity over the coming years,” Chris Gaydon, Octopus Renewables Investment Director.

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