Octopus Energy Generation, the fund management arm of Octopus Energy Group, has launched a renewable energy investment fund aimed at pension and private wealth investors.

The CG Octopus Energy Sustainable Growth Fund I (Astris) provides access to more than 50 renewable energy projects across 15 countries, including wind, solar, and large-scale battery projects.

The fund launched with a £165m cornerstone investment and is now open to private wealth investors via major investment platforms.

Investors will have monthly access to the fund, unlike some traditional private markets funds, alongside large institutional investors.

Astris has adopted the Financial Conduct Authority’s Sustainability Focus label under its Sustainability Disclosure Requirements regime.

“For too long, pension schemes and private wealth have had limited investment opportunities in private markets due to a lack of innovative solutions,” commented Octopus Energy Generation co-head, Matt Setchell. “The launch of this fund changes that.

“It’s been built from the ground up to remove the structural barriers for investors wishing to participate in the $275trn generational investment opportunity to fund the energy transition and invest alongside professional investors and institutional funds from around the world.

“Day one investors will own a globally diverse portfolio of renewable projects and companies – delivering genuine impact with no compromise on financial returns.”

Carne Group managing director, Jeremy Soutter, added: “Carne is delighted to be acting as independent authorised corporate director on Octopus Energy’s new Sustainable Growth Fund.

“At a time of heightened attention on the UK’s role within the global green transition and investment in the productive assets at the forefront of this change, the fund is an important enabler of private wealth and pension fund exposure both to private infrastructure as an asset class and to the energy transition as an investment opportunity.”

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