Octopus Energy buys 49-MW wind project trio in France

British energy retailer Octopus Energy on Monday announced its power generation unit has acquired a portfolio of French wind farm projects with a combined capacity of 49 MW.

Octopus Energy Generation has bought the projects on behalf of the Sky fund (ORI SCSp). The move is part of the UK group’s commitment from March to spend some EUR 1 billion (USD 1.09bn) for green energy projects in France over the next two years.

The latest investment covers three wind farms, namely Croix Erable, Bertaut, and Le Langrois, to be located in the Vienne region of Nouvelle-Aquitaine department in northeastern France. Construction is already in progress and the plants are expected to go online in 2023 and 2024. Their Nordex turbines are expected to produce enough power to supply 30,000 homes, once in operation.

“France is an absolutely fantastic place to build renewables and we’re committed to investing in lots more wind and solar farms in the country,” said Alex Brierley, co-head of Octopus Energy Generation’s fund management team.

Octopus Energy, which stepped on the French market early in 2022, aims to install green energy capacity that will be enough to cover the demand of 300,000 French households.

(EUR 1.0 = USD 1.092)

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