Octopus Energy鈥檚 generation has added an 11.4MW wind farm project to its German renewables portfolio.
Octopus Energy Generation, investing on behalf of the Sky fund, said the wind farm being built on a disused site of a former US air station near Pr眉m in the west of Germany, has been acquired from project developer RES. Financial details were not disclosed.
Octopus entered Germany鈥檚 renewable generation market last June. The latest deal represents the firm鈥檚 fourth wind farm investment in Germany in less than a year.
Octopus now manages over 100MW of onshore wind farm projects across the country, and the company said it expects to increase its generation footprint in Germany over the next few months.
Zoisa North-Bond, CEO of Octopus Energy Generation, said: 鈥淲e鈥檙e hugely excited about Germany鈥檚 renewables market, and we鈥檝e quickly gone from zero to four wind projects in less than a year.
鈥淲e鈥檙e looking to rapidly turbocharge the German 鈥楨nergiewende鈥�, so those wanting to build more wind and solar in Germany should get in touch with us.鈥�
Rachel Ruffle, RES EMEA CEO, said: 鈥淕ermany continues to lead the way onshore wind showing how a supportive policy direction and collaboration can positively shape the pace of deployment. Delivering more onshore wind will always be a win-win situation 鈥� greening our energy mix with cheaper generation and bringing inward economic investment to local areas.鈥�
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