- Octopus Energy acquires a 10% stake in East Anglia One, expanding its UK offshore wind portfolio and pushing offshore investments past $2 billion.
- East Anglia One generates 714MW, powering around 700,000 homes and ranking among the world’s top ten offshore wind farms.
- Octopus plans further European expansion, partnering with Skyborn Renewables for France’s upcoming offshore wind tenders.
Octopus Energy Generation has acquired a 10% stake in the East Anglia One offshore wind farm. The company bought the stake from Macquarie Asset Management through its offshore wind fund, Vector.
East Anglia One is 43 kilometres off the Suffolk coast in eastern England. The wind farm, which has 102 turbines, delivers 714 megawatts and has powered around 700,000 homes each year since 2021.
Octopus has now made four offshore wind investments in the UK. This deal marks its seventh investment in the European offshore wind sector, pushing the company’s total offshore wind investments past $2 billion.
Octopus continues to grow rapidly in offshore wind. It holds stakes in the UK’s Hornsea One, Lincs, and Walney Extension projects. It owns shares in Germany’s Butendiek and the Dutch Borssele III, IV, and V wind farms in Europe.
The company executed the deal using its Vector fund. Vector targets fixed and floating offshore wind technologies. It focuses on advanced models that cut costs and boost efficiency. The fund also backs digital energy solutions and floating platforms.
East Anglia One ranks among the world’s ten largest operational offshore wind farms. The project contributes significantly to the UK’s clean energy output. It strengthens Britain’s position as a global hub for marine energy.
Octopus plans to expand into France. The company will partner with Skyborn Renewables to enter France’s upcoming offshore wind tenders. The partnership aims to develop a new offshore wind farm in French waters.
Zoisa North-Bond, CEO of Octopus Energy Generation, called offshore wind a key part of the UK’s energy future. “The offshore wind sector has become a central pillar of Britain’s energy system,” she said. “This investment will further accelerate the development of this technology.”
Octopus Energy Generation is one of Europe’s largest renewable energy investors. The company manages more than $8 billion in global energy assets. Its investment model includes participatory schemes that connect customers with clean energy.
One example is the “Fan Club” programme. This scheme gives customers lower electricity prices when wind power output is high. Octopus uses this model to boost demand and engagement in renewable energy.
With this new stake, Octopus Energy deepens its commitment to clean power. The company continues to expand its offshore wind footprint across Europe and aims to lead the transition to sustainable energy.
Octopus shows growing investor confidence in offshore wind. As European countries ramp up clean energy targets, companies like Octopus move quickly to secure high-impact assets. Offshore wind plays a significant role in Europe’s push toward net-zero emissions.