Octopus forms $10b renewable investment funds

Aerial photo of Darlington Point Solar Farm (Octopus)
Darlington Point Solar Farm

Octopus Investments Australia has announced two renewable energy investment funds totalling $10 billion, with the funds’ first combined acquisition being Australia’s largest operational solar farm, the 333MW Darlington Point Solar Farm in NSW.

One fund is aimed at institutional investors and the other for wholesale investors. The platform for institutional investors—the Octopus Australia Sustainable Investments (OASIS) Fund—has already secured a $75 million commitment from the Commonwealth government’s Clean Energy Finance Corporation (CEFC), as well as from superannuation fund Hostplus and Octopus Renewables’ Sky Fund, backed by European institutional investors.

Related article: Octopus to develop utility-scale solar storage power plants with CEFC

The wholesale investors fund is named Octopus Renewable Energy Opportunities (OREO).

Octopus Investments Australia is owned by the UK-based Octopus Group, which manages 3GW of renewable energy assets worth over $6.9 billion across nine countries.

Octopus Australia is currently building the 180MW Dulacca Wind Farm, acquired from RES in August 2021, and is working with the CEFC to develop the proposed 60MW Perry Bridge Solar Farm and 8MW Fulham Solar Farm both in Gippsland, Victoria, as well as Blind Creek Solar Farm in NSW.

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