Octopus surpasses $2bn offshore wind investment milestone
London, November 18, 2024, (Oilandgaspress) –––Octopus Energy’s generation arm, in partnership with Skyborn Renewables (Skyborn), has been selected by the French government to enter the country’s next offshore wind tender.
The French government’s decision follows a rigorous pre-qualification process to choose the best companies to enter its ninth offshore wind tender round. Winners are expected to be announced in late 2025.
Skyborn is an accomplished offshore wind developer and operator with more than 20 years experience and capabilities covering the entire offshore wind value chain.
In France, Skyborn, in partnership with EDF Renewables, EIH S.à. r.l, a subsidiary of Enbridge Inc. and Canada Pension Plan Investment Board (CPP Investments), successfully commissioned the 500 MW Fécamp wind farm earlier this year. The company also has another offshore wind project under construction in the country.
The move marks Octopus’ first foray into early-stage offshore wind tenders globally, as it expands its footprint in the sector. Octopus started investing in offshore wind farms in 2022 and has since backed six wind farms across the UK, Netherlands and Germany.
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