Octopus Energy Group launches EUR220mn OEDP renewables fund
Date
August 26, 2022
Type
Projects
Subtype
Contract award
Countries
UK (United Kingdom)
Subsectors
Photovoltaic
Onshore Wind
Energy Storage
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Octopus Energy Group has launched its latest renewable fund, Octopus Energy Development Partnership (OEDP), with a target size of EUR220 million (US$219.25 million).
The fund seeks to invest in about a 24% stake in Exagen which is the developer of large-scale solar and battery facilities. The deal covers an option to purchase a battery energy storage facility in Midlands, England which is expected to be operational by 2027.
OEDP plans to invest in the early stages of the development of new green energy projects which include solar photovoltaics, wind energy generations, and energy storage projects across the UK and the rest of Europe.
