[ad_1]
The generation arm of Britain’s Octopus Energy said today it has acquired two German solar farms with a combined capacity of over 140 MW, expanding its footprint in Germany.
Octopus Energy Generation has purchased the 122-MW Schiebsdorf solar farm in Brandenburg, currently under construction and slated for completion in 2024. The company bought this facility from ib vogt GmbH. In addition, it has acquired the 20.8-MW Hartungshof solar farm, located near Saarbruecken in Saarland, from Greencells Group Holdings Ltd. This solar farm has been in operation since March 2023.
The deals mark the first solar investments for Octopus in Germany, following its entry into the country 18 months ago. It has so far backed four onshore wind farms in Germany and taken a stake in the Butendiek offshore wind farm, with more projects in the pipeline.
Octopus has plans to invest over EUR 1 billion (USD 1.1bn) in green energy infrastructure in Germany by 2027.
Octopus Energy Generation chief executive Zoisa North-Bond said the two acquisitions are not only the company’s first move into solar in Germany, but Schiebsdorf will also become the largest solar farm in its European generation portfolio.
(EUR 1.0 = USD 1.089)
[ad_2]
Source link
