Octopus Energy’s generation arm has surpassed $2 billion of offshore wind investments in two years, as it accelerates the roll-out of offshore wind globally.
The company entered the offshore wind farm market in 2022 and now holds stakes in six offshore wind farms in three European countries, including Hornsea One, as well as Lincs and Walney Extension in Britain, two in the Netherlands and one in Germany.
Last year, Octopus launched its Offshore Wind Fund, Vector, through which the company invested in Ocergy, a tech firm in the floating offshore wind space that aims to increase efficiencies in floating wind farm construction.
Also last year, it launched its first offshore “Fan Club,” offering people living close to one of its offshore wind farms cheaper rates when it’s windy.
“We’re strong believers in wind power’s massive role as a cornerstone of energy systems globally,” says Zoisa North-Bond, CEO of Octopus Energy Generation.
“Our ability to invest over $2 billion into offshore wind in just two years is the start. Wind can create a greener and cheaper energy system for people around the world. We’re now geared up to unleash billions more into offshore wind projects worldwide.”
