Octopus Energy invests $683m in European wind energy sites

Octopus Energy Generation has announced an concern of £501.32m ($682.8m) successful onshore upwind vigor crossed Europe, acquiring 321MW of capableness dispersed crossed 17 sites successful France, Germany and Poland.

The money absorption squad has allocated the magnitude nether the company's Sky money to beforehand renewable vigor successful large European markets.

The caller upwind farms are expected to make cleanable energy for much than 250,000 homes.

Octopus presently oversees much than 400 large-scale renewable projects globally arsenic it rapidly expands its proviso of affordable greenish energy.

With caller acquisitions, the institution present manages 67 onshore upwind farms successful assorted European countries including Finland, France, Germany, Ireland, Poland, Sweden and the UK.

Onshore upwind powerfulness remains among the astir cost-effective vigor sources, importantly contributing to Europe's vigor strategy with a full of 265GW installed, including 17GW added successful the past year.

In France, Octopus' largest renewables marketplace connected the continent, the institution has secured upwind farms with a combined capableness of 143.5MW.

These projects, astatine varying stages of cognition and construction, volition yet supply greenish vigor to astir 65,000 homes annually.

The upwind farms are dispersed crossed 10 locations including Bourgogne-Franche-Comté, Brittany, Centre-Val de Loire, Grand Est, Hauts-de-France and Nouvelle-Aquitaine.

Germany has seen the acquisition of 4 upwind farms with a full capableness of 102.5MW successful Lower Saxony, Brandenburg, Hesse and Baden-Württemberg.

Two of these farms are presently operational, portion the different 2 are nether construction. Together, they volition proviso cleanable vigor to 71,000 homes annually.

This acquisition marks Octopus' 15th transaction successful Germany.

Octopus has besides acquired 3 operational upwind farms successful bluish Poland with a combined capableness of 75MW.

These facilities volition supply capable cleanable vigor to powerfulness 120,000 Polish homes annually.

The acquisition includes entree to a bid of upcoming renewable projects, enhancing Octopus' semipermanent marketplace presumption arsenic Poland transitions from ember to a cleaner, much varied vigor mix.

Octopus Energy Generation CEO Zoisa North-Bond said: “Europe has 1 of the top upwind resources successful the world. With large ambitions to physique much upwind farms, we are inactive lone scratching the aboveground of what is possible.

“We present request to determination adjacent faster if we are going to unlock untapped upwind powerfulness imaginable and conscionable Europe’s cleanable vigor needs.

“From France to Germany and Poland, these latest projects are portion of a wider displacement distant from polluting fossil fuels and towards homegrown, affordable, cleanable power.”