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Company said it plans to invest $20bn in the sector by 2030
Octopus Energy Generation has confirmed it has invested more than $2bn into offshore wind globally over the past two years.
The company said it intends to spend $20bn in the sector by 2030.
Since entering the offshore market in 2022, it has acquired stakes in six European wind farms, including in the 1.2GW Hornsea 1, 270MW Lincs (pictured) and 659MW Walney Extension in the UK, along with assets in the Netherlands and Germany.
“We’re strong believers in wind power’s massive role as a cornerstone of energy systems globally,” said Octopus Energy Generation chief executive Zoisa North-Bond.
“Our ability to invest over $2bn into offshore wind in just two years is the start.
“Wind can create a greener and cheaper energy system for people around the world. We’re now geared up to unleash billions more into offshore wind projects worldwide.”
The company has also invested in floating offshore wind technology business Ocergy via its Vector fund, and extended its “Fan Club” discount scheme to energy customers living close to one of its offshore wind farms. |
