Allens has advised specialist renewables manager Octopus Investments Australia on the establishment and first closing of two open-ended renewable energy funds, the Octopus Australia Sustainable Investments Fund ('OASIS') and the Octopus Renewable Energy Opportunities Fund ('OREO').
OASIS and OREO will co-invest into an Australian renewable energy portfolio, across wind, solar and storage projects. The investment platform will finance the entire renewable energy life cycle from development, through construction and into long-term operations.
'We are extremely proud to have advised Octopus Australia on the launch of OASIS and OREO – an investment platform that will support Australia's transition to renewable energy and a sustainable future,' said lead partner Penny Nikoloudis.
'The successful launch of this investment platform reflects the continuing emphasis by institutional investors on ESG and renewable energy assets as an investment class in Australia and globally.'
Allens legal team
Funds
Penny Nikoloudis (Partner), Jamil Diu (Senior Associate), Mai Go (Senior Associate), Jin Pang (Associate), Marc Privitelli (Lawyer)
Corporate
Wendy Rae (Partner), Andrew Wong (Counsel), Regina Gracias (Company Secretary)
Projects
Michael Graves (Partner), Tina Tran (Associate)
Notes for editors.
Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 40 offices in 28 countries around the world.