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Octopus Renewables Acquires 9 Wind Farms from RES

Power News - Published on Mon, 18 Nov 2019

Image Source: wikipedia.org
UK based green energy investor Octopus Renewables has agreed to acquire nine wind farms across the UK, Ireland, and France after striking deals totalling over EUR 100 million with global renewable energy developer RES. Together the wind farms make up 130MW of renewable power capacity from a mix of both operational and construction ready sites in England, Wales, Ireland, and France. Under the terms of the deals, Octopus Renewables will take over ownership of the facilities, while RES will continue to handle construction, asset management, operation, and maintenance.

The deals mean Octopus Renewables now owns 470MW of onshore wind capacity in operation and construction across 21 sites.

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Posted By : Rabi Wangkhem on Mon, 18 Nov 2019
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