The French government has recently validated the prequalification of a joint venture between Octopus Energy and Skyborn Renewables to participate in its ninth offshore wind tender. This selection follows a rigorous process to identify the most capable players to contribute to the growth of marine energies in France.
A Strategic Alliance for a Growing Market
Skyborn Renewables, a major player in the sector with over 20 years of experience, is recognized for its expertise across the entire offshore wind value chain. In France, the company has played a key role in commissioning the 500 MW Fécamp wind farm, in partnership with EDF Renewables, Enbridge Inc., and CPP Investments. Another offshore wind project is also under development in the country.
For its part, Octopus Energy continues to solidify its footprint in renewable energy. Since its first investment in offshore wind in 2022, the company has financed six wind farms in the United Kingdom, the Netherlands, and Germany. With the creation of its Offshore Wind Fund “Vector,” Octopus aims to accelerate the adoption of innovative technologies, particularly in floating wind energy.
An Untapped Potential for Offshore Wind in France
With only 1 GW of installed capacity, the French offshore wind market remains nascent compared to other European nations. However, the ambitions are high: the government aims for 18 GW by 2035 and 45 GW by 2050. These objectives, combined with strong demand for clean energy sources, create a favorable environment for significant investments.
“Offshore wind will play an essential role in France’s energy system, harnessing strong winds to produce abundant clean energy,” said Zoisa North-Bond, CEO of Octopus Energy Generation.
For Skyborn, this collaboration represents a unique opportunity to strengthen its presence in France. “This partnership with Octopus will enable us to propose a robust project that meets stakeholders’ expectations,” affirmed Guillain Chapelon, Managing Director of Skyborn France.
Global and Local Ambitions for Octopus Energy
Beyond this project, Octopus Energy shows clear ambitions for the French renewable energy market. Already established in the country with more than 360 MW of wind and solar capacity, the company also seeks to strengthen its electricity supply business, aiming for one million customers by 2030. Local initiatives like the “Fan Club,” offering reduced rates for residents living near wind farms, illustrate this commitment to innovation and territorial integration.
With a commitment to invest $20 billion in offshore wind by 2030, Octopus positions itself as a key player in the global energy transition. Its participation in the ninth French tender could well catalyze the acceleration of Europe’s energy transition.
