Octopus Renewables has expanded its Octopus Renewables Infrastructure Trust portfolio with the acquisition of a wind asset in Poland.
Octopus have secured the Krzecin and Kuslin wind farms from PNE Group. PNE Group will continue to provide construction services for the assets which will have a total capacity of 59MW.
The acquisition will be the second Polish addition to the Octopus portfolio and means their assets can provide renewable power to 195,000 Polish homes.
Chris Gaydon, Investment Director at Octopus Renewables, said:
“We are delighted to have completed this acquisition and to have developed a strong relationship with a highly experienced developer. These projects benefit from attractive government-backed fixed revenues, in a market which is set to experience significant growth in renewable capacity over the coming years.”
Markus Lesser, CEO of PNE AG said:
“We are very pleased about this sales success and it shows that our many years of commitment have paid off in this market that is becoming increasingly open regarding clean energies. We also really appreciate the opportunity to continue working with Octopus and to stay involved in the projects in the long run, thanks to our management activities in the operation of the wind farm.”