Octopus Renewables closes acquisition of 24 MW Cerisou wind project in Vienne

Octopus Renewables Infrastructure Trust plc has completed the acquisition of 100% of the Cerisou wind farm, a construction-ready onshore wind project in the Vienne department of France. The project has been acquired from RES SAS (RES), part of the RES Group, for a total cash consideration of EUR56 million (US$65.4 million), including future construction payments.

Project construction will be carried out under a full-wrap contract by RES and is expected to be completed in the third quarter of 2022. Once operational, the wind farm will have 24 MW of total capacity comprising of 8 turbines and will benefit from fixed, index-linked revenues for twenty years via the premium tariff under the demande de contrat de complément de remuneration (DCCR) 2017 Contract for Difference regime.