Octopus Energy Makes Inroads Further into French Market with Three New Wind Farms

British renewable energy firm Octopus Energy's generation arm has made investments in three new wind farms in France.

The said onshore wind farms, namely Croix Erable, Bertaut, and Le Langrois, boast of a cumulative capacity of 49 MW. The firm will add the three new farms to the ten existing ones in France. With this addition, Octopus Energy will have 13 wind farms.

Presently, the firm delves into managing 14 French solar farms with several other projects under development.

The wind farms will be established in the Vienne region in the west and the Haute Marne region in the northeastern part of France. Construction has kickstarted and will be set into motion through 2023 and 2024, providing power to 30,000 homes. In addition, octopus has set sights on powering up 300,000 households in France.

Alex Brierley, Co-head of the fund management team at Octopus Energy Generation, commented, "France is an absolutely fantastic place to build renewables and we're committed to investing in lots more wind and solar farms in the country." He added, "France's green energy transition is at a pivotal point, and we've got a clear mission: let's continue to build more green generation to get cheaper, cleaner energy to even more people in the future."

Recently, Octopus Energy inked a deal with major renewable Masdar, under which it will license Octopus' technology platform Kraken to manage its battery storage portfolio in the UK flexibly.