The National Grid UK Pension Scheme (NGUKPS) has agreed a pension mandate with Octopus Renewables that will see it invest £185m in solar and onshore wind assets.

Called the Renewable Energy Income Partnership III, the mandate is indeed the third it has secured over the last two years as part of Octopus’s institutional investor income partnership strategy.

Octopus Renewables co-head, Alex Brierley, said: “With predictable income, diversification and sustainable investment all at the forefront of institutional investors’ minds, this commitment by NGUKPS shows that our Renewable Energy Income Partnership series continues to provide an attractive solution for investors.”

Octopus Renewables is the largest commercial scale solar energy investor in Europe and currently has over £3.2bn of energy assets under management.

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