Octopus Energy Generation, Octopus Energy’s renewable energy generation arm, has acquired a 10% stake in the East Anglia One wind farm, expanding its offshore wind portfolio.
Located 43km offshore Suffolk in the East of England, the 714MW East Anglia One is among the world’s largest operational wind farms with 102 turbines.
Go deeper with GlobalData
It is capable of supplying 700,000 homes annually with green energy.
Octopus Energy Generation acquired the stake in East Anglia One from Macquarie Asset Management for Vector, its offshore wind fund focused on fixed and floating wind investments.
The investment marks Octopus Energy’s fourth venture in British offshore wind and its seventh in Europe.
Octopus Energy Generation CEO Zoisa North-Bond stated: “Britain is blessed with strong winds and long coastlines – perfect conditions for offshore wind. The sector has become a vital pillar of our energy system over the past years, and this investment will help to turbocharge this clean technology further, bringing cheaper, greener power to people across the country.”
Octopus Energy Generation has surpassed $2bn in offshore wind deals since 2022.
Its existing stakes include Hornsea One, Lincs and Walney Extension in the UK, Butendiek in Germany, and Borssele V and Borssele III and IV in the Netherlands.
In collaboration with Skyborn Renewables, it was also recently chosen by the French government to participate in France’s upcoming offshore wind tender. Tender winners will be announced in late 2025.
Octopus Energy is also fostering global wind farm development through investments in developers and innovations such as its Fan Club, which offers cheaper electricity to customers when the weather is windy.
