Leading renewable energy consultancy and repair supplier, Natural Power, has acted as technical advisor to Octopus Renewables, half of Octopus Group, for its acquisition of a 115MW portfolio of wind farms in a deal totalling greater than €100 million with renewable energy firm RES.
The portfolio of eight wind farms is comprised of operational websites in France, the UK and Ireland the place the enterprise will discover potential alternatives for repowering.
Marsanne Wind Farm France
Alex Brierley, Co-Head of Octopus Renewables, stated: “This is a further stride for Octopus into the European wind market, mirroring our strength in solar. With these assets, we’ve significantly expanded our onshore wind footprint in France, which continues to be highly attractive as a destination for investment in renewable energy. Likewise, the favourable support regime in Ireland and the potential for further renewable capacity made it a natural target market for us.”
“Having the support of Natural Power as an adviser has been of great value in getting this deal over the line. Their expertise and knowledge, especially when working closely with their team based in France, was extremely useful and we look forward to the prospect of working with them again in future.”
Octopus has acquired the working French belongings: Pays de Saint Seine, Marsanne, Lacombe, Caudebronde and La Salesse. In the UK, it has bought Four Burrows onshore wind farm in Cornwall, and the Dyffryn Brodyn wind farm in Wales. The deal additionally sees Octopus make its first foray into Ireland with the acquisition of the 15 MW Cark onshore wind farm.
RES will proceed to handle and function the wind farms.
Giles Dearden, Director of Global Due Diligence at Natural Power, stated: “We are delighted to have been involved in supporting this deal which really tapped in to our pan-European experience. The project was led by our team based in France, working closely with our experts in the UK and Ireland, to deliver advice that supported the successful conclusion of this landmark transaction.”
Natural Power’s international due diligence workforce supplies providers all through all levels of the transaction cycle, from preliminary danger evaluation and reporting in early transaction levels via to complete reporting for credit-committee or information room presentation at remaining bid stage or monetary shut. Find out extra right here https://www.naturalpower.com/our-services/due-diligence/
About Octopus Renewables
Octopus Renewables, half of Octopus Group, is a specialist clear energy investor and our mission is to speed up the transition to a future powered by renewable energy. We have a various portfolio of belongings with a capability of over 2.5GW, making us the biggest industrial solar investor in Europe and a number one UK investor in onshore wind. Octopus can be main the subsequent wave of renewables being constructed throughout Europe and Australia with out authorities subsidies. We consider there’s a vital alternative to unblock a lot wanted funding by constructing bespoke portfolios of renewable belongings at scale, throughout applied sciences and international locations, to create higher outcomes for our traders.
About Natural Power
Natural Power is an unbiased consultancy and repair supplier that helps a worldwide consumer base within the efficient supply of a variety of renewable initiatives together with onshore wind, solar, renewable warmth, energy storage and offshore applied sciences. It has a worldwide attain, using greater than 400 workers throughout 11 worldwide workplaces. Its expertise extends throughout all phases of the project lifecycle from preliminary feasibility, via building to operations and all through all levels of the transaction cycle.
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