Octopus inks purchase for Lincs stake

Octopus Renewables Infrastructure Trust plc has acquired a a 7.75% ownership interest in the Lincs Offshore Wind Farm from Arjun Infrastructure Partners.

Lincs, located off the east coast of England, has been operational since 2013 and benefits from the UK's ROC regime, receiving 2 ROCs per megawatt hour of electricity generation during the first 20 years of operation. It has an installed capacity of 270MW, made up of 75 turbines each of 3.6 MW spread across c. 35 square kilometres. Lincs is operated and managed by Ørsted.

Completion of the acquisition is expected to take place during Q2 2022 (subject to receipt of consents from existing investors and lenders). Following completion of the transaction, Lincs will represent approximately 10% of the Company's portfolio on a gross asset value basis.

Octopus Renewables is a specialist clean energy investor. It has a diverse portfolio of assets with a capacity of over 2.8GW, making it the largest commercial solar investor in Europe and a leading investor in onshore wind.