Octopus Pockets USD 160M for Australia Renewables Push

• Octopus Investments Australia raises AUD 250 million for its renewable energy fund, OASIS. With contributions from Hostplus, CEFC and Sky Renewables, plus a new investor Rest, total funds raised now stand at AUD 550 million. Octopus manages a platform of assets worth AUD 1 billion.

Octopus Investments Australia has raised AUD 250 million (USD 160.4m/EUR 148.8m) for its flagship renewable energy fund, Octopus Australia Sustainable Investments (OASIS). The new investment round was the second fundraising for the fund and brings the total amount raised to AUD 550 million. Existing investors Hostplus, the CEFC and Sky Renewables contributed AUD 200 million to the new round, while Aussie super fund Rest joined as a new investor with a contribution of AUD 50 million. Octopus has a platform of operating and under-construction assets under its management worth AUD 1 billion. It is also managing AUD 4.2 billion of projects under development and has a further AUD 1.3 billion under exclusivity. The company has secured development rights to several wind projects across Australia, including the 400-MW Hay Plains wind project in New South Wales, the 180-MW Dulacca wind park in Queensland, and the 400-MW Giffard wind farm project in Victoria. It looks to raise more funds towards the end of 2023.

How Much Has Octopus Australia Raised For OASIS?

• Octopus Investments Australia has raised a total of AUD 550 million for its flagship renewable energy fund, Octopus Australia Sustainable Investments (OASIS).
• The latest round of investment for OASIS amounted to AUD 250 million, of which AUD 200 million was contributed by existing investors Hostplus, the CEFC and Sky Renewables, while Aussie super fund Rest joined as a new investor with a contribution of AUD 50 million.
• Octopus has a platform of operating and under-construction assets worth AUD 1 billion under its management.
• The company is also managing AUD 4.2 billion of projects under development and has a further AUD 1.3 billion under exclusivity.
• Octopus has secured development rights to several wind projects across Australia, including the 400-MW Hay Plains wind project in New South Wales, the 180-MW Dulacca wind park in Queensland, and the 400-MW Giffard wind farm project in Victoria.
• Octopus plans to raise more funds towards the end of 2023.