Octopus Energy completes acquisition of an additional 7.75% stake in 270 MW Lincs offshore wind farm
Octopus Energy has completed the deal that increased its stake in the 270 MW Lincs wind farm project by 7.75%. The company now holds a 31% interest in the project.
Octopus Energy Generation’s fund management team previously managed a 23.25% stake in Lincs on behalf of the Sky fund (ORI SCSp) and Octopus Renewables Infrastructure Trust (ORIT). This additional 7.75% stake has been acquired on behalf of Octopus’ Sky fund.
The Lincs wind farm is made up of 75 wind turbines across 35 square kilometers, generating enough clean power for 240,000 UK homes every year. The project has been operational since 2013 and is operated by Ørsted.
Country updates
-
-
February 27, 2023
Boom Power plans 237.5 MWac solar PV with energy storage project in Doncaster
Boom Power has secured a grid connection for a 237.5 MWac solar-plus-storage project at Thorpe Marsh Power Station in South Yorkshire, England. The project will require feasibility studies to inform i...
Read more -
February 24, 2023
Conrad Energy commissions 25 MW battery storage project in Blackpool
Conrad Energy has started the commercial operation of the 25 MW/50 MWh battery storage project located in Blackpool, north-west England, UK. The project is connected to the 33kV netwo...
Read more -
February 21, 2023
UK installed 555 MW of new solar capacity in 2022
The United Kingdom (UK) has added 555 MW of new photovoltaic (PV) capacity by the end of December 2022, with cumulative capacity reaching 14.3 GW through more than 1.2 million installations, a 4% incr...
Read more -
February 21, 2023
NextEnergy Capital achieves third close of NPUK ESG
NextEnergy Capital (NEC) has announced the third close of the NextPower UK ESG (NPUK ESG) Fund at GBP595 million (US$720 million), surpassing its initial target of GBP500 million (US$605 million) and...
Read more -
February 14, 2023
Zenobē starts commercial operation of 100MW battery project in Capenhurst
Zenobē has started the commercial operation and connected to the grid its 100 MW battery energy storage project located in the city of Chester, UK. The project is the first battery energy...
Read more
