en.Wedoany.com Reported - Octopus Energy Generation recently announced an investment of £501.32 million (approximately US$682.8 million) in European onshore wind projects, acquiring 17 sites across France, Germany, and Poland with a total installed capacity of 321MW, expected to provide clean electricity to over 250,000 households.
The funding comes from the company's Sky fund, aimed at driving the development of renewable energy in Europe. With this acquisition, Octopus now manages 67 onshore wind farms across seven European countries, including Finland and France. The total capacity of onshore wind projects managed by the company continues to grow.
In France, Octopus acquired wind farms with a total capacity of 143.5MW, spread across ten regions, capable of powering approximately 65,000 homes annually. In Germany, it acquired four wind farms (total capacity 102.5MW), two of which are already operational and two under construction, collectively supplying energy to 71,000 homes each year. In Poland, three operational wind farms (total capacity 75MW) can power 120,000 homes annually. These acquisitions further expand Octopus's footprint in European onshore wind.
Zoisa North-Bond, CEO of Octopus Energy Generation, stated: "Europe has some of the best wind resources in the world. While we have ambitious targets to build many more wind farms, we are still only scratching the surface of what's possible. We need to move faster now if we are to unlock untapped wind potential and meet Europe's clean energy needs. From France to Germany and Poland, these latest projects are part of a wider transition away from polluting fossil fuels towards homegrown, affordable, clean electricity."
In February this year, the company announced an investment of nearly US$1 billion in clean technology in California, USA, focusing on carbon removal and renewable energy projects.
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