Octopus Renewable Infrastructure Trust, a renewables company focusing on shovel-ready solar photovoltaic assets, onshore wind and other assets, has signed on to purchase a 48-megawatt wind project in southern Sweden.
Octopus Renewable Infrastructure Trust is said to be paying €68 million ($77 million) in cash, including future construction payments, for the Ljungbyholm Wind Farm, reports Renewables Now. The seller is OX2, a Swedish renewable energy developer specializing in wind power, solar power, bioenergy and geothermal energy.
According to several news assets, this will be the company’s first purchase since its IPO in November 2019, when it raised £350 million ($458 million). At that time, the company had already identified a pipeline of £2.8 billion ($3.6 billion) renewable energy assets.
The construction-ready project is located in the Kalmar municipal
