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Octopus Energy acquires 10% stake in East Anglia One offshore wind farm from Macquarie

Octopus Energy has acquired a 10% stake in the East Anglia One offshore wind farm, expanding its European portfolio and surpassing $2 billion in offshore wind investments.

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Octopus Energy Generation, the generation arm of UK-based supplier Octopus Energy, has acquired a 10% stake in the East Anglia One offshore wind farm, located 43 kilometres off the Suffolk coast in eastern England. The asset was acquired from Macquarie Asset Management on behalf of Vector, Octopus’ dedicated fund targeting fixed and floating offshore wind technologies. This marks Octopus’ fourth investment in UK offshore wind and its seventh across the European market.

The East Anglia One wind farm has a capacity of 714 megawatts and comprises 102 turbines. Since becoming operational in 2021, it has generated enough electricity to power approximately 700,000 households annually. Ranked among the ten largest operational offshore wind farms globally, it reinforces the UK’s position as a strategic hub for marine energy investments.

Gradual expansion in Europe and geographical diversification

Octopus Energy Generation has surpassed $2 billion in offshore wind investments over the past two years, underpinning its strategy of broad European deployment. In addition to its holdings in the UK projects Hornsea One, Lincs and Walney Extension, the company also owns stakes in Germany’s Butendiek wind farm and the Dutch Borssele V and Borssele III & IV sites.

The company has also confirmed plans to participate in France’s offshore wind tenders, partnering with developer Skyborn Renewables. This initiative aims to develop a new offshore wind farm in France, strengthening Octopus’ regional ambitions amid rising investment in renewable infrastructure across Europe.

Vector fund structure and sector outlook

The transaction was conducted via the Vector fund, an investment vehicle launched by Octopus to target high-potential technological assets and reduce operational costs through innovation. Vector focuses its allocations on floating models and digital energy management solutions.

Octopus Energy Generation ranks among Europe’s largest investors dedicated exclusively to renewable energy. Its investment model also includes participatory projects such as the “Fan Club” programme, offering lower electricity rates to customers during periods of high wind power generation.

Zoisa North-Bond, Chief Executive Officer of Octopus Energy Generation, stated: “The offshore wind sector has become a central pillar of Britain’s energy system. This investment will further accelerate the development of this technology.”

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