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21st April 2023 - Octopus Energy’s generation arm - who manage £6bn of renewable assets and energy translation projects globally - has successfully opened seven new onshore wind farms across Europe since 2022
These new wind farms with a combined capacity of 250 MW are located in the UK
They’re the latest renewables projects where Octopus Energy Generation has managed construction
Combined they generate enough green energy every year to power around 250,000 homes
They avoid around 270,000 tonnes of carbon emissions - the same as planting 1.3 million trees or removing 150,000 petrol cars from the road every year
Octopus Energy Generation manages 3.2 GW of renewables
the company is targeting 20 GW of European green generation projects
boosting the continent’s energy security and reducing consumers’ bills
Onshore wind is a key part of Europe’s energy security strategy
as the European Union recently outlined its ambitions to more than double Europe’s wind capacity
This also comes as Octopus gears up to take its innovative world-first ‘Fan Club’ model global
to provide people with cheaper energy when it’s windy
said: “It’s brilliant to see this flurry of wind farms we’ve built across Europe start generating clean power - and we’ve got big plans to invest in lots more
“New green energy is absolutely essential to accelerate our shift to a renewables-first economy and wean ourselves off expensive fossil fuels
To make sure this energy crisis is the very last one
we can build our way out through cheap green power.”
The 7 onshore wind energy farms that Octopus Energy has brought online since 2022:
Octopus Energy Generation is driving the renewable energy agenda and building green power for the future
This means reshaping the market by leading the transition to a cleaner
greener future through renewable projects connected more deeply to customers and businesses
As one of Europe’s largest investors in renewable energy
its fund management specialist team launched in 2010 with a mission to accelerate the transition to a future powered by renewable energy
This team manages 3.2 GW of renewable energy assets like wind and solar farms across 13 countries
These renewable projects generate enough green energy to power 2 million homes every year
and is the equivalent of taking over 1 million petrol cars off the road
The business also launched the Fan Club in the UK 2021
the world's first local energy tariff that provides cheaper
greener energy to customers living near local wind turbines when the wind blows
Thousands of people have got in touch asking for the Fan Club in their community
For more information, check out our website
Octopus Energy Group is a global energy tech pioneer
launched in 2016 to use technology to unlock a customer focused and affordable green energy revolution
Octopus Energy Group has a truly global reach
Octopus’s domestic energy arm already serves 5.3 million customers globally with cheaper greener power
Octopus Electric Vehicles is helping make clean transport cheaper and easier
and Octopus Energy Services is bringing smart products to thousands of homes
Octopus Energy Generation is one of Europe’s largest investors in renewable energy
managing a nearly £6 billion portfolio of renewable energy assets across the globe
All of these are made possible by Octopus’s tech arm
in-house platform based on advanced data and machine learning capabilities
Kraken automates much of the energy supply chain to allow outstanding service and efficiency as the world transitions to a decentralised
This technology has been licensed to support 30 million customer accounts worldwide
Octopus Energy Group was valued at approximately $5 billion following investments from Generation Investment Management and Canada Pensions Plan Investments Board
Both investors back businesses that drive sustainability
promote green energy and tackle climate change
These were the company’s third and fourth major investments since launching to the market
For more information, check out our website
Octopus Energy Ltd is a company registered in England and Wales
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