02/28/2023

Octopus Energy's offshore wind investment reaches $1bn in less than a year

Octopus Energy’s generation arm hits $1bn in offshore wind investments in less than a year, with plans to rapidly scale investments.

Official Press Release Octopus Energy:

Octopus Energy makes more waves in offshore wind with $1bn invested and plans to rapidly scale

Wind Industry Profile of

Octopus hits $1bn in offshore wind assets in less than a year / Comes as Octopus ups stake in UK offshore wind farm to 31% / Marks Octopus’ 5th offshore wind farm deal since entering this space last year, with plans to rapidly accelerate its offshore wind activity in 2023

Octopus Energy’s generation arm hits $1bn in offshore wind investments in less than a year, with plans to rapidly scale investments. It comes as Octopus further invests in the 270 MW Lincs offshore wind farm off the east coast of England, increasing Octopus’ stake in Lincs to 31%. Octopus Energy Generation’s fund management team previously managed a 23.25% stake in Lincs on behalf of the Sky fund (ORI SCSp) and Octopus Renewables Infrastructure Trust (ORIT). This... ... More: Official Press Release Octopus Energy