Announced
Financials
Tags
Domestic
Majority
Pending
wind farms
Acquisition
Friendly
Single Bidder
Renewable Energy Equipment
Private
United Kingdom
Synopsis
Octopus Renewables, a renewable energy investor, agreed to acquire Crossdykes Onshore Wind Farm, a wind farm for $552m. "This significant investment into one of the largest unsubsidised wind farms in the UK adds a substantial operational asset to our portfolio. Once completed, this will be ORIT's twelfth acquisition since IPO, with the portfolio now comprising 35 assets, highlighting the ability of our Investment Manager to build a high-quality portfolio of renewable energy assets, which in turn is critical to the UK's target of becoming net zero by 2050," Phil Austin, Octopus Renewables Chairman.
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