Octopus Nets 80MW French Solar Portfolio

Wedoany.com Report-Apr 4, Octopus Energy Generation, a leading renewable energy company, has recently completed the acquisition of an 80MW agri-solar portfolio in France. The deal marks a significant expansion for the company, focusing on renewable energy solutions in agriculture and beyond.

The new portfolio comprises two 40MWp solar farms, strategically located in the Indre region and Charente Maritime. These sites were originally military bases but have been repurposed for sheep farming, showcasing a unique blend of renewable energy and agricultural practices.

The technical due diligence, carried out by Natural Power, a renowned renewable energy consultancy, was pivotal in ensuring the successful integration of these projects. William Delabre, head of solar at Natural Power, highlighted the importance of this acquisition, emphasizing the alignment with Europe’s push toward sustainability.

“Joining forces with Octopus Energy Generation is a win-win for solar energy deployment in Europe,” said Delabre. “We’re confident this portfolio will set a benchmark for integrating solar energy into diverse landscapes, delivering reliable renewable power.”

Octopus Energy Generation’s Ismaël Tougui echoed these sentiments, praising Natural Power’s expertise and responsiveness. “Their technical know-how and prompt support were crucial in making this acquisition a success,” he stated. “We’re excited to leverage this expertise for future ventures.”

The projects are expected to contribute significantly to the EU’s renewable energy targets, offering clean energy solutions that complement existing agricultural practices.

This strategic move underscores Octopus Energy Generation’s commitment to advancing renewable energy adoption, aligning with global efforts to combat climate change and promote sustainable development.