Octopus Energy Generation has acquired an 80MW solar portfolio in France, consisting of two 40MWp solar farms.
The newly operational Stronghold portfolio is located on former military sites now repurposed for sheep farming.
Renewable energy consultancy Natural Power conducted buy-side technical due diligence for Octopus in its acquisition of the portfolio from BayWa r.e France.
The projects are situated in the Indre region of central France and Charente Maritime in the southwest.
Natural Power’s head of solar, William Delabre, said: “We’re delighted to have supported Octopus in this strategic acquisition.
“ At Natural Power, we’re committed to enabling the successful deployment of solar energy across Europe, supporting the transition to a more sustainable energy system, and the Stronghold portfolio represents a great example of how solar energy can be integrated into existing landscapes while delivering clean, renewable power.”
Natural Power’s assessment included a review of engineering, procurement, and construction (EPC) and operations and maintenance (O&M) agreements.
The consultancy also evaluated project technology, design, permits, grid connection, and financial models.
Octopus Energy Generation’s investment director, Ismaël Tougui, said: “We are pleased to have worked with Natural Power on the successful acquisition of these two solar projects.
Their technical expertise and responsiveness were invaluable throughout the process, and we look forward to continued collaboration on future projects.”
