Octopus Renewables to acquire a 7.75% stake in the Lincs offshore wind farm.

Octopus Renewables, a UK-based renewable investment firm, agreed to acquire a 7.75% stake in the Lincs offshore wind farm. Financial terms were not disclosed. “Our investment into Lincs is ORIT’s first into an operational offshore wind farm, and will provide us with an additional revenue-generating asset that benefits from the favourable renewable obligation certificate (ROC) subsidy regime and gives ORIT further portfolio diversification," Phil Austin, ORIT Chairman.