Octopus Investments has closed a £300m renewable energy fund that will invest in operational clean power projects in the UK.
The fund, called the Renewable Energy Income Partnership, is backed by a large unnamed institutional investor, Octopus said.
It added that the success of the fundraising reflects institutional investors’ appetite to invest in the “predictable, long-term cash flows” generated by renewables in the UK.
Octopus investment director Alex Brierley said: “In closing the fund, Octopus takes the next step in its consolidation of the UK renewable energy asset class.
“We are delighted to have, again, enabled a material source of new capital into the UK renewable energy market which confirms our position as the leading manager in this space.”
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