Octopus Energy, a UK-based renewable energy company, has committed to invest in three wind farms in France with a total capacity of 49MW. Octopus made the investment as part of its plan to invest $1.09 billion in the French green energy industry between 2023 and 2025. The three wind farms, Croix Erable, Bertaut, and Le Langrois, will provide enough clean energy to power 30,000 French households. The projects will be located in the Vienne and Haute Marne regions of France and are currently under construction. They are anticipated to commence operations in 2023 and 2024.
In addition, Nordex, a German manufacturer of wind turbines, is providing the projects’ turbines. These wind farms will add to the ten existing wind projects located in France by Octopus. Octopus additionally operates 14 solar farms and has more projects in development. Through its retail energy supply arm, Octopus aims to generate enough green energy in France to power 300,000 households while decreasing prices and improving customer service.
In March 2023, Octopus Energy announced its plans to invest $1.07 billion over the following two years in France’s clean energy market. The investment was announced at the 36th Franco-British Summit in Paris, which was led by the UK Prime Minister and French President. The investment would help generate enough clean energy to power 300,000 households.
