Octopus Group’s specialist clean energy investment business has secured a £150m corporate pensions mandate with an unnamed UK-based institutional investor to invest in renewable energy infrastructure, it announced yesterday. Octopus Renewables said its new Renewable Energy Income Partnership (REIP) IV fund plans to invest in a range of renewable assets, including solar and wind across both the UK and Europe. The project around the fund has been designed to support the UK’s transition to a net zero economy, as well as driving the creation of more green jobs. Octopus Renewables said the mandate comes “at a time of increased interest from institutional investors and pension funds in renewable energy assets”. Research from the clean energy investor last November found 92 per cent of pension funds in the UK planned to increase their allocation to renewables in three-to-five years, which will see the current allocation of 4.2 per cent of overall portfolios rise to 8.3 per cent by 2025.
Business Green 14th Oct 2021 read more »