Octopus Energy‘s generation arm has announced a major investment in one of continental Europe’s largest wind farms.
The Borssele III & IV wind farm, located in the Dutch North Sea, boasts a substantial capacity of 732 MW and comprises 77 turbines, with the most powerful ones in Octopus’s portfolio, each towering as tall as London’s iconic Gherkin building.
The acquisition of a 10% stake in the Borssele III & IV wind farm was made from the seller Partners Group, a prominent global private markets firm acting on behalf of its clients.
Octopus Energy’s decision to invest in this project follows its recent announcement of a massive $20 billion (£15 billion) investment into offshore wind projects worldwide.
Alex Brierley, Co-head of Octopus Energy Generation’s fund management team said: “Investing in one of Europe’s largest wind farms in the Netherlands is a really exciting milestone as we only entered the Dutch renewables market last year.”