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Octopus Renewables Acquires Stake in Lincs Offshore Wind Farm.

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Vincent

MANews-(C)2009-2022

UK-based investment company Octopus Renewables Infrastructure Trust plc (LSE: ORIT) has entered into an agreement to acquire a 7.75% ownership interest in the Lincs Offshore Wind Farm, the company said.

Lincs, located off the east coast of England, has been operational since 2013 and benefits from the UK's ROC regime, receiving two 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 3.6mw spread across c. 35 square kilometres. Lincs is operated and managed by Ãrsted, the largest energy company in Denmark and a leading developer and operator of offshore wind farms in the UK and globally.

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...

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