Octopus Renewables and Zestec established their sights on ₤ 100m solar portfolio in new collaboration

• Octopus Renewables has actually announced a new partnership with Zestec Asset Management to deliver greater than ₤ 100 numerous brand-new develop UK solar assets.

Funds managed by the specialist tidy energy investor arm of the Octopus Group will certainly be made use of to create both rooftop solar and exclusive cable ground-mount systems. Already, together the companies have more than ₤ 10 numerous acquired projects, and are continuing to construct out their pipes.

By partnering with the asset supervisor, Octopus Renewables intends to give property owners looking to utilise solar through the Power Acquisition Arrangement (PPA) model self-confidence that installments will be maintained throughout their life.

The PPA arrangements established through the collaboration will last for between 10 and also 25 years depending on the demands of business owners as well as property managers.

Octopus Renewables' financial investment supervisor Peter Dias said they wished to bring "impactful renewable energy assets" to as many organisations as possible.

" With Zestec, we are building a partnership whose joint capacities as well as experience brings a strong professional combination, making it possible for customers in the UK commercial, industrial and public markets to confidently companion with a team that has actually entirely lined up interests."

Octopus Renewables was gotten by Octopus Energy in March, bringing its ₤ 3.4 billion portfolio of 300 tidy energy assets with an integrated ability of 2.8 GW, or 5,042 GWh at optimal capacity, right into the vendor side of the Team's organization. This includes 1,290 MW of large solar projects and also an added 3,500 of rooftop solar assets with a capability of 29MW.

Both Zestec and also Octopus have a similar ideology according to Simon Booth, COO at Zestec Renewable Energy, with both aware of the possibility renewable energy supplies "but also the technique to collaborating with customers to develop the highest quality producing assets".

" We are currently establishing our very first collection of assets and also anticipate proceeding down this path over the coming years."

In 2019, solar capitalist NextEnergy Solar Fund partnered with Zestec to obtain to-be-built business rooftop solar projects, such as an installment at cleaning technology company Kärcher's headquarters in Banbury.