Following the success of delivering 11 large solar sites connected to the National Grid ahead of the August 1 feed-in tariff (FiT) deadline, Octopus Investments announced its intention to make further investments in solar energy.
Confirming this objective, Octopus has now launched its latest Venture Capital Trusts (VCTs), committed to companies developing medium sized installations which qualify for the FiT.
Working with Lightsource Renewable Energy, the VCT’s enable small-scale investors access to the revenue streams powered by the FiT scheme. A driver for the solar industry, the FiT scheme gives 25-year RPI-linked subsidies for electricity generated by qualifying solar power installations.
Octopus managing director Paul Latham said: “We see this as an extremely attractive VCT offering for investors. The key benefit of this structure is that it is a ‘limited life’ VCT but also a ‘flexible life’ vehicle for those looking for more long-term tax-free dividends.”
Paul Latham will be speaking at the upcoming Solar Power UK 2011 event, held from 26-28 October at the Birmingham International Convention Centre. In his presentation ‘After The Cuts – Financing Commercial Solar’, Paul will discuss life beyond the FiT.
