Octopus Renewables Infrastructure Trust is looking to raise £250m through a share offering for investments in clean power projects in Europe and Australia.
The fund said it would look to invest in onshore wind and solar assets that are already operating, in construction and construction ready.
It will also target other generation and non-generation related renewable energy projects.
Interested parties have until 3pm UK time on 5 December to apply for shares, which would be traded on the London Stock Exchange.
Octopus Renewables Infrastructure Trust chairman Philip Austin said: “Octopus Renewables Infrastructure Trust offers investors an opportunity to invest in a diverse portfolio of operational and construction ready assets, focussed on onshore wind and solar PV across Europe including the UK and Australia, accompanied by attractive and sustainable dividends, with an element of capital growth.”
Octopus Renewables co-head Matt Setchell said: “Given the effects of global climate change which are increasing visible, it is clear that the decisions we make now with our investments, will impact future generations.
“This fund is an opportunity to contribute to positive change.
“At Octopus Renewables we are looking to accelerate the transition to a future powered by renewable energy by unlocking investment into climate saving assets. As our track record demonstrates, we are committed to delivering strong shareholder returns while investing in something meaningful.”