Octopus grabs a piece of Europe’s largest wind farm

Octopus Energy has grabbed a slice of one of continental Europe’s largest wind farms, the 732 MW Borssele III & IV wind farm in the Dutch North Sea.

Made up of 77 turbines. each as tall as the Gherkin building in London, its 9.5MW turbines are the largest in Octopus’ portfolio. Octopus first entered the Netherlands’ renewable energy market last year with the acquisition of the Borssele V offshore wind farm, also part of this Borssele wind farm zone.

This latest deal comes as Octopus ramps up its global offshore wind activity, announcing plans to make £15bn of investment into offshore wind globally, and having invested in Deep Wind Offshore, a global offshore wind developer with projects in Norway, Sweden and South Korea.

The Netherlands is Europe’s third largest offshore wind market after the UK and Germany, and its government is targeting 70GW offshore wind capacity by 2050.

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