Equity Trustees selected to work with Octopus
Equity Trustees has been selected to provide both custodian and trustee services to clean energy investor Octopus Australia.
The local subsidiary of Octopus Group, one of the largest owners of renewable energy projects in Australia and Europe, Octopus entered Australia in 2018 and managed $1 billion in assets under construction and operations on behalf of its investors.
Octopus had invested in the Gippsland Renewable Energy Park, a 3,000-hectare site which was part of a joint venture between the Clean Energy Finance Corporation and would be built in the heart of the proposed Gippsland Renewable Energy Zone, comprising solar, wind and battery storage investments.
Russell Beasley, executive general manager, corporate trustee services, Equity Trustees said: “We are delighted to be the custodian and trustee for the Octopus Australia-managed platform.
“We’re servicing a growing number of platforms geared towards more sustainable outcomes which benefit the broader community. Equity Trustees’ years of experience as a corporate fiduciary means we are the best fit for clients like Octopus Investments who need an expert custodial and corporate trustee service.”
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