Octopus Energy has acquired a 10% stake in the East Anglia One offshore wind farm , a 714 MW facility located 43 kilometers off the coast of Suffolk, in eastern England.
The new investment in the East Anglia One offshore wind farm
This acquisition is part of Octopus Energy Generation ‘s strategy, the division responsible for leading the expansion of renewable energy projects globally. The company has a strong track record in the offshore wind sector, with previous investments in wind farms such as Hornsea One , Lincs , and Walney Extension in the United Kingdom, and Butendiek in Germany, among others. At the European level, Octopus Energy Generation has invested more than $2 billion in offshore wind energy projects.
In addition to its stake in East Anglia One , the company plans to expand its influence in the French offshore wind market, where it plans to participate in a tender for the development of a new wind farm in collaboration with Skyborn Renewables . The company is advancing the development of pioneering technologies to reduce the costs of wind power generation and facilitate the creation of new wind farms around the world.
Octopus Energy has launched innovative initiatives such as its ” Fan Club ,” a program that offers lower electricity rates to customers living near wind turbines when wind conditions are favorable. Furthermore, with its Winder technology platform , the company is facilitating the development of new wind turbines, driven by demand from local communities.
Great Britain has strong winds and extensive coastlines, perfect conditions for offshore wind power.
The sector has become a vital pillar of our energy system in recent years, and this investment will help further boost this clean technology, bringing cheaper and greener energy to the entire country.
Zoisa North-Bond, CEO of Octopus Energy Generation.
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Source and photo: Octopus Energy
