Octopus Renewables Infrastructure Trust (ORIT) has announced that it has invested €7.5m into Simply Blue Holdings Limited, the parent company of the Simply Blue Group (SBG).
SBG is a developer of sustainable marine projects focused on floating offshore wind. SBG has developed a pipeline of over 9GW of floating offshore wind projects to-date, primarily in the waters of the UK and Ireland. With a background in marine development, SBG also has interests in wave energy and ancillary interests in sustainable aquaculture. SBG is headquartered in Cork, Ireland, with offices in the UK and the US. ORIT’s investment, which is a co-investment alongside another fund managed by Octopus Renewables Limited, entitles it to a c. 12% interest in SBG.