Main renewable power consultancy and repair supplier, Pure Energy, has acted as technical advisor to Octopus Renewables, a part of Octopus Group, for its acquisition of a 115MW portfolio of wind farms in a deal totalling greater than €100 million with renewable power firm RES.
The portfolio of eight wind farms is comprised of operational websites in France, the UK and Eire the place the enterprise will discover potential alternatives for repowering.
Marsanne Wind Farm France
Alex Brierley, Co-Head of Octopus Renewables, stated: “This can be a additional stride for Octopus into the European wind market, mirroring our energy in photo voltaic. With these belongings, we’ve considerably expanded our onshore wind footprint in France, which continues to be extremely engaging as a vacation spot for funding in renewable power. Likewise, the beneficial assist regime in Eire and the potential for additional renewable capability made it a pure goal marketplace for us.”
“Having the assist of Pure Energy as an adviser has been of nice worth in getting this deal over the road. Their experience and data, particularly when working intently with their crew based mostly in France, was extraordinarily helpful and we look ahead to the prospect of working with them once more in future.”
Octopus has acquired the working French belongings: Pays de Saint Seine, Marsanne, Lacombe, Caudebronde and La Salesse. Within the UK, it has bought 4 Burrows onshore wind farm in Cornwall, and the Dyffryn Brodyn wind farm in Wales. The deal additionally sees Octopus make its first foray into Eire 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 International Due Diligence at Pure Energy, stated: “We’re delighted to have been concerned in supporting this deal which actually tapped in to our pan-European expertise. The venture was led by our crew based mostly in France, working intently with our consultants within the UK and Eire, to ship recommendation that supported the profitable conclusion of this landmark transaction.”
Pure Energy’s world due diligence crew gives providers all through all phases of the transaction cycle, from preliminary danger evaluation and reporting in early transaction phases by means of to complete reporting for credit-committee or knowledge room presentation at closing bid stage or monetary shut. Discover out extra right here https://www.naturalpower.com/our-services/due-diligence/
About Octopus Renewables
Octopus Renewables, a part of Octopus Group, is a specialist clear power investor and our mission is to speed up the transition to a future powered by renewable power. We have now a various portfolio of belongings with a capability of over 2.5GW, making us the biggest business photo voltaic investor in Europe and a number one UK investor in onshore wind. Octopus can also be main the following 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 buyers.
About Pure Energy
Pure Energy is an impartial consultancy and repair supplier that helps a worldwide shopper base within the efficient supply of a variety of renewable tasks together with onshore wind, photo voltaic, renewable warmth, power storage and offshore applied sciences. It has a worldwide attain, using greater than 400 workers throughout 11 worldwide places of work. Its expertise extends throughout all phases of the venture lifecycle from preliminary feasibility, by means of building to operations and all through all phases of the transaction cycle.
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