Octopus to invest ₤ 150m mandate in sustainable assets

Oct 18, 2021 06:18 PM ET
  • Expert tidy energy investor Octopus Renewables has actually won a ₤ 150 million corporate pensions mandate from a huge UK-based institutional investor.
Octopus to invest ₤ 150m mandate in sustainable assets
Image: Octopus Energy

The Renewable Energy Income Partnership IV (REIP IV) required will be utilized to invest in a series of eco-friendly possessions, consisting of solar in the UK.

Octopus Renewables is currently the biggest financier of utility-scale solar power in Europe the company claimed, along with a top investor in onshore wind as well as biomass in the UK. It handles a worldwide profile valued at more than ₤ 3 billion, which fall under the administration of the Octopus Energy Group following its procurement of Octopus Renewables earlier this year.

" We are dedicated to working together with establishments to support the international transition to a net-zero economic climate," claimed Alex Brierley, co-head of Octopus Renewables.

" The latest IPCC report highlighted the scale of financial investment that is required to deal with the environment crisis, and also the rate at which that investment should occur if we are to restrict additional results of climate adjustment."

It complies with study from Octopus Renewables last year into the expanding passion from institutional investors and pension funds in renewable energy possessions. This discovered that the c. 100 institutional capitalists with ₤ 5.1 trillion (US$ 6.9 trillion) under administration, were preparing to spend ₤ 544 billion (US$ 742.5 billion) into the market over the next 10 years. Furthermore, 80% were preparing to boost their allotments to renewables over the next 3 to five years.

This latest required adheres to a ₤ 250 million dedication from pension firm Nest and also the Renewable Energy Income Partnership III, a ₤ 185 million mandate from the National Grid Pension Scheme.

Chris Hulatt, founder at Octopus Group claimed: "With predictable income, diversification and lasting financial investment all at the leading edge of institutional capitalists' minds, renewable energy is an incredibly attractive asset course. To see institutional financiers continuing to choose us as a partner is amazing recognition of our method and also we expect helping them achieve their financial investment objectives."

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