Octopus accelerates green wind farms

Octopus Renewables has signed four major new deals to accelerate wind power generation across Europe.

The deals will boost the company’s wind capacity by up to 90 per cent over the next decade, with wind farms in the UK, Sweden, France and Finland providing a combined capacity of up to 690MW.

In the UK, Octopus Renewables is investing in a joint venture to develop nine onshore wind farms with Wind 2, a specialist UK wind farm developer. The new wind farms will be developed across Scotland and Wales over the next five to ten years, with a potential combined capacity of approximately 570 MW. The deal will go a long way to help the UK create more home-grown renewable energy.

The business is expanding its footprint in Sweden with a third deal in the country, buying a ready to build onshore wind farm in Marhult, outside Växjö, from OX2. Once built, the 31.5MW capacity wind farm will have seven Vestas turbines. Octopus Renewables has previously completed two other deals with OX2 - and is now strengthening this relationship.

Octopus Renewables will now be managing a French onshore wind farm Broons/Biterne-Sud in north-east Brittany, after a deal with Energiequelle, a German project developer and operator of renewable assets and storage facilities. The wind farm has six Enercon turbines with a capacity of 14.1MW. This project has a government-backed Contract for Difference (CfD) for a 20-year period.
Finally, Octopus Renewables has acquired two onshore wind farms in Finland. The Saunamaa and Suolakangas wind farms have a combined capacity of 71.4MW. These wind farms have a five-year Power Purchase Agreement (PPA) with Baltic energy company Eesti Energia.

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