Octopus has announced a major Europe-wide push into the wind energy market, acquiring 321 MW of onshore wind farms across 17 sites. Its fund management team has invested €584 million in wind farms in France, Germany and Poland.
The move comes on behalf of the Sky fund (ORI SCSp) it manages, accelerating homegrown clean power across key European markets. These wind farms will generate enough green power for over 250,000 homes.
Expanding Renewable Portfolio
Octopus now manages over 400 large-scale renewables projects across the globe, as it continues to scale cheap, green power at lightning speed. With these latest deals, it now manages 67 onshore wind farms in Europe, including the UK, France, Germany, Poland, Ireland, Sweden and Finland.
Octopus has acquired 143.5 MW of wind farms in France – its largest renewables market in continental Europe. They are located across 10 sites in Hauts-de-France, Grand Est, Bourgogne-Franche-Comté, Brittany, Centre-Val de Loire and Nouvelle-Aquitaine.
Octopus has also acquired four wind farms with 102.5 MW in capacity across Lower Saxony, Brandenburg, Hesse and Baden-Württemberg. In addition, Octopus acquired three operational wind farms with a combined capacity of 75 MW in the windy north of Poland.
CEO Statement
Zoisa North-Bond, CEO at Octopus Energy Generation, said: “Europe has one of the greatest wind resources in the world. With major ambitions to build more wind farms, we’re still only scratching the surface of what’s possible.
“We now need to move even faster if we’re going to unlock untapped wind power potential and meet Europe’s clean energy needs.
“From France to Germany and Poland, these latest projects are part of a wider shift away from polluting fossil fuels and towards homegrown, affordable, clean power.
“Amid volatile gas prices and rising geopolitical risk from wars in recent years, countries are quite rightly turning to clean energy. Decentralised renewables like onshore wind offer a faster and more secure path to energy independence and security.”
