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New Deal


Announced

Octopus Renewables to acquire Crossdykes Onshore Wind Farm.

Financials

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Transaction Value£457m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Majority

Pending

wind farms

Acquisition

Friendly

Single Bidder

Renewable Energy Equipment

Private

United Kingdom

Synopsis

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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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