New renewable energy platform

By Penny Pryor

Renewable energy asset owner Octopus Investments Australia has launched a renewable energy platform for institutional and wholesale investors.

The platform has been set-up to manage Australia's energy transition, by financing the renewable energy life cycle from development, through construction and into long-term operations.

The Octopus Australia platform will also support and fund projects that are generated from Octopus' joint venture with majority Indigenous-owned renewable energy company, Desert Springs Octopus. Desert Springs Octopus is a partnership with Octopus and the Northern Territory Indigenous Business Network (NTIBN) and brings renewable energy and other infrastructure opportunities to First Nations Australians.

"We are very pleased to launch this unique platform for Australian institutional and wholesale investors to participate in Australia's renewable energy future," Sam Reynolds, managing director of Octopus Australia said.

"The Octopus Group's approach to investing in renewable energy has developed globally over the last 15 years. As such, we saw early on the massive opportunity in Australia and how a portfolio approach to the market could align our institutional customers (in OASIS), alongside our family office and advised investors (in OREO) to create defensible and sustainable value into the future."