Octopus Renewables Infrastructure Trust will invest up to 3.5 million euros ($3.8 million) to set up and fund a new renewable energy development platform in Finland, it said on Wednesday.

The investment is made alongside an equal amount from the Octopus Managed Fund, which is also managed by Octopus Renewables Limited.

The platform, Nordic Renewables Limited, will target development of onshore wind farms and solar photovoltaic assets in Finland over the next 3-5 years, with potential combined capacity of 400 megawatts, the trust said.

($1 = 0.9234 euros)

(Reporting by Nina Chestney; Editing by David Goodman)