Energy
State fund invests €94m in British renewables firm Octopus
Fast-growing company will establish Dublin office and money will be used to help fund green energy projects across Europe, including in Ireland
The Ireland Strategic Investment Fund (Isif) has invested €94 million in Octopus Energy, a fast-growing British company with renewable assets all over the world.
The company has almost €7 billion of assets under management, which mostly comprise investments in energy transition infrastructure such as solar, and onshore and offshore wind.
Under the terms of the investment, Isif will commit €94 million to Octopus Energy’s €1.1 billion Sky Fund, which invests directly in green energy transition ...