Octopus Energy’s renewable generation arm has made two wind farm deals in Germany as it continues to ramp up its generation portfolio in the country.
Octopus Energy Generation, investing on behalf of its Sky fund, has bought a 22.4MW wind farm project in Wörrstadt from renewables developer JUWI and Wiwi consult. The wind farm will be operational in 2023.
Octopus Energy Generation said it has also agreed to acquire the 34.6MW Leeskow wind farm in Oberspreewald-Lausitz from developer UKA, on behalf of Octopus Renewables Infrastructure Trust.
Octopus Energy, which made its first wind-farm investment in Germany in June this year, said the company plans to operate 1.2GW of wind and solar farms in Germany by 2030 and is already scoping out additional renewables sites.
Zoisa North-Bond, the CEO of Octopus Energy Generation, said: “After entering Germany’s renewable generation market for the first time earlier this year, we’re really accelerating momentum with these two latest wind farm deals.
“We’re continuing to ramp up our renewable generation capabilities across Europe as more local cheap green energy is needed now more than ever as countries look to secure greater energy independence.”
Andrew Mack, CEO of Octopus Energy Germany, said: “Octopus is really stepping up the range of what we’re doing to accelerate the drive to a greener, cheaper energy system for everyone. As a country that’s been so dependent on Russian gas, onshore wind farms like these are integral to help wean the country off imported gas.”
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