Octopus Energy buys 22.4-MW German wind project

Octopus Energy Generation has acquired a 22.4-MW wind project in the state of Rhineland-Palatinate from renewables developer Juwi AG and wiwi consult, marking the second acquisition for the UK company in Germany's wind market this month.

The Biebelnheim-Gabsheim wind farm, located in Woerrstadt near Frankfurt, is currently under construction and is scheduled to go online at the beginning of 2023.

The wind park, featuring four Vestas V-150 turbines, is expected to produce more than 50 million kWh of clean power per year which is equal to the annual consumption of over 16,000 households.

Octopus Energy Generation, which is the renewable generation arm of Octopus Energy Group, will be responsible for the operation of the facility.

The deal represents the second acquisition for Octopus Energy in Germany in September. Earlier this month, Octopus Renewables Infrastructure Trust Plc (LON:ORIT) agreed to acquire a 34.6-MW wind farm in Brandenburg from German developer UKA.

“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,” said Octopus Energy's chief executive Zoisa North-Bond.

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