Octopus Energy
Image credit: Karsten Wurth - Unsplash

UK energy supplier Octopus Energy has reached agreement in its purchase of nine wind farms across the UK, Ireland and France within two new deals, totalling a combined €100 million.

The combined acquisition from renewable energy company RES is comprised of a mix of operational and construction-ready facilities with a total capacity of 130MW.

RES will continue with construction, asset management, operational management and maintenance of the facilities.

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Alex Brierley, Co-Head of Octopus Renewables, part of the Octopus Group, said: “This is a further stride for Octopus into the European wind market, mirroring our strength in solar. With these assets, we’ve significantly expanded our onshore wind footprint in France, which continues to be highly attractive as a destination for investment in renewable energy.

“Likewise, the favourable support regime in Ireland and the potential for further renewable capacity made it a natural target market for us.”