Octopus Energy makes UK offshore buy

Octopus Energy Generation has made its first investment in a large UK offshore wind farm buying an 8 per cent stake in the 270 MW offshore wind farm off the coast of Skegness.

The wind farm, which has been operational since 2013, is made up of 75 wind turbines across 35 square kilometres and is operated by global renewable energy developer Ørsted.

Zoisa North-Bond, CEO of Octopus Energy Generation, commented: “We’re extremely excited to make our first green waves in offshore wind energy – a key pillar of the UK’s renewable energy mix. We’re dipping our toe in the water with this investment – but this is only the beginning. We’ve got big ambitions and innovative ideas for offshore wind and are going to massively ramp up our activities in this area over the coming 12 months.”

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