Octopus Energy to acquire additional 15.5 per cent stake in Lincs offshore wind farm

Octopus Energy Generation has agreed to acquire an additional 15.5 per cent stake in the Lincs offshore wind farm in the UK. In the 270 MW offshore project, the company’s Sky fund acquired a 7.75 per cent stake, while the Octopus Renewables Infrastructure Trust increased its share of the wind farm by investing an additional 7.75 per cent. Octopus purchased a 7.75 percent share in the wind farm earlier this year on behalf of ORIT.

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ORIT to acquire stake in 270 MW offshore wind farm in UK

Octopus Renewables Infrastructure Trust (ORIT), a UK-based renewable investment firm, has agreed to acquire a 7.75 per cent stake in the Lincs offshore wind farm. Lincs, with a capacity of 270MW, is located offshore from England’s east coast and has been operational since 2013. The offshore wind facility, which spans 35 km sq, is equipped with 75 wind turbines, each with a 3.6MW capacity.

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