Tag: Octopus energy

Octopus Energy buys 49 MW of wind projects in France

Octopus Energy buys 49 MW of wind projects in France

May 16, 2023 |

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.

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<strong>Octopus Energy to invest €1 billion in French renewable energy market</strong>

Octopus Energy to invest €1 billion in French renewable energy market

March 14, 2023 |

Octopus Energy, a UK-based energy retailer, intends 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 will help generate enough clean energy to power 300,000 households.

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<strong>Octopus Energy to buy additional stake in Lincs offshore project</strong>

Octopus Energy to buy additional stake in Lincs offshore project

February 28, 2023 |

Octopus Energy, a UK-based energy company, has increased its shareholding in the 270 MW Lincs offshore wind farm off the east coast of England. The fund management group of Octopus Energy Generation expanded its share in the project from 23.25 to 31.5 per cent by purchasing an additional 7.75 per cent of the 270 MW offshore facility. With this agreement, Octopus has invested $1 billion in offshore wind assets in less than a year.

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<strong>Octopus Energy signs 2.4TWh PPA with Shell Energy in UK</strong>

Octopus Energy signs 2.4TWh PPA with Shell Energy in UK

December 19, 2022 |

Octopus Energy Group, based in the UK, has signed a power purchase agreement (PPA) with Shell Energy Europe to purchase 2.4 TWh of wind energy per year from the Dogger Bank offshore wind farm. In accordance with the agreed-upon agreements, Octopus Energy will receive enough renewable energy from the 3.6 GW Dogger Bank project to power 800,000 of its client houses. Shell Energy Europe has a deal in place to offtake 20 per cent of the energy generated by Dogger Bank.

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Octopus Energy acquires British solar power developer Zestec

Octopus Energy acquires British solar power developer Zestec

December 6, 2022 |

Octopus Energy Generation, a British energy firm, has announced that it has acquired Zestec Renewable Energy, a solar developer and asset manager in the UK. Zestec has more than 160 MW of solar capacity in the country, which will be sold to the companies through power purchase agreements. 

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Octopus Energy and Nexta to develop renewable assets in Italy

Octopus Energy and Nexta to develop renewable assets in Italy

October 21, 2022 |

Octopus Energy Group, based in the UK, has joined the Italian green energy market through a partnership with Nexta Capital Partners, an Italian renewable developer. By establishing a joint venture, the two firms anticipate constructing 1.1 GW of new onshore wind, solar, and energy capacity in the southern Italian region by 2025.

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Octopus Energy to acquire additional 15.5 per cent stake in Lincs offshore wind farm

Octopus Energy to acquire additional 15.5 per cent stake in Lincs offshore wind farm

September 27, 2022 |

Octopus Energy Generation has agreed to acquire an additional 15.5 per cent stake in the Lincs offshore wind farm in the UK. In the 270 MW offshore project, the company’s Sky fund acquired a 7.75 per cent stake, while the Octopus Renewables Infrastructure Trust increased its share of the wind farm by investing an additional 7.75 per cent. Octopus purchased a 7.75 percent share in the wind farm earlier this year on behalf of ORIT.

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Octopus Energy acquires 24 per cent stake in Exagen 

Octopus Energy acquires 24 per cent stake in Exagen 

August 26, 2022 |

Octopus Energy Group, based in the UK, has purchased a 24 per cent stake in Exagen, a large-scale battery developer, through its new renewables fund, Octopus Energy Development Partnership (OEDP). OEDP is a €220 million renewables fund that will invest in Exagen to assist in the creation of large-scale solar and battery facilities in the UK.

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Octopus Energy and Xlinks partner to invest in Morocco-UK power link 

Octopus Energy and Xlinks partner to invest in Morocco-UK power link 

May 13, 2022 |

Octopus Energy Group, a UK-based renewable energy company, has announced a financial and strategic partnership with Xlinks, a company that is building an interconnector between Moroccan solar farms and the UK. Xlinks is laying four 3,800 km subsea cables for the Morocco-UK power project, which will connect a renewable energy facility in the Moroccan desert with Devon, UK.

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