Octopus Investments and Blue Energy have announced the acquisition of a 149MW portfolio of four UK-based onshore wind projects by funds managed by Octopus. The acquired portfolio includes Blue Energy’s Beinneun Project (109MW) as well as the Cour (21MW), Grange (12.3MW) and Hillhead of Auquhirie (6.9MW) windfarms.
All of the projects in the portfolio are supported by the Renewables Obligation Scheme. Blue Energy will continue to manage all of the assets and the acquisition will see the existing external debt retained in all four projects. Blue Energy has retained a portfolio of other assets, including its interests in the Blackcraig (52MW) and Whiteside Hill (24MW) projects, as well as a portfolio of other development and consented projects.
