Thursday, February 2 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Jan 30
Week of Jan 23
Week of Jan 16
Week of Jan 09
Week of Jan 02
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    IN BRIEF: Octopus Renewables invests further into Simply Blue

    November 17, 2022 - By Xindi Wei;


      Octopus Renewables Infrastructure Trust PLC - London-based closed-ended investor in renewable energy assets - Invests an additional EUR6.3 million, or GBP5.5 million, into Simply Blue Holdings Ltd. Simple Blue is the parent company of the Simply Blue Group, an Irish developer of predominantly floating offshore wind projects. Says SBG has developed a pipeline of over 10 gigawatts of floating offshore wind projects to-date, primarily in the waters of the UK, Ireland and wider Europe as well as the US and Japan.

      Chair Phil Austin says: "This latest investment highlights the strong potential ORIT sees in this sector. Simply Blue provides ORIT with additional diversification in the renewable technologies it covers, as it will enable us to tap into renewable energy generated in deeper waters, at stronger wind speeds and in different locations."

      ORIT first Invested EUR7.5 million, or around GBP6.4 million, into Simply Blue in August last year. The investment, which is a co-investment alongside another fund managed by Octopus, entitles it to around a 12% stake in Simply Blue. Says it has agreed to provide a further investment of up to EUR6.25 million which is expected to be drawn in 2023, and which would increase ORIT's ownership interest to 19%.

      Current stock price: 106.52 pence, up 0.1% on Thursday in London

      12-month change: down 3.2%


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.