Octopus Energy Ramps up Offshore Wind Activity by Upping Stake in UK Wind Farm
- Sep 28, 2022 5:42 pm GMT
•Increases stake in
Octopus Energy Generation, one of Europe’s largest investors in renewable energy, is upping its offshore wind activity in the
In this latest deal, Octopus Energy Generation’s fund management team is acquiring a further 15.5% stake in the 270
Octopus Energy Generation’s managed Sky fund backed by institutional investors took a 7.75% stake. ORIT doubled its stake by taking another 7.75%. This builds on activity from earlier this year, where Octopus took a 7.75% stake in this big
The Lincs wind farm is made up of 75 wind turbines across 35 square kilometres, generating enough energy to power 240,000
Octopus has been ramping up its offshore wind investments after only entering this market for the first time earlier this year. In less than 6 months, there’s been significant momentum, including acquiring the Borssele V offshore wind farm in
Zoisa North-Bond, CEO of Octopus Energy Generation, comments: “Harnessing the UK’s strong wind resources out at sea is an integral part of securing energy independence. Offshore wind farms like this help the
Octopus Energy Generation is one of Europe’s largest investors in renewable energy, with its fund management team managing 3 GW of renewable energy assets across
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