Octopus Energy Generation, the production branch of Octopus Energy, today revealed four new investments in renewable energy projects in France. These projects, including wind farms and solar plants, will provide electricity to over 150,000 households and increase the company’s managed capacity to more than 500 MW in the country. This development is part of a growth strategy in the dynamic French green energy market.
With more than 30 assets, including wind farms and solar plants, already operational or under construction in France, Octopus Energy is strengthening its presence in an increasingly strategic sector. The company also highlights its ambitious investment plan of one billion euros in renewable energy by the end of 2025. This initiative aims to meet the growing demand for green energy as part of the European energy transition.
Investments in the solar sector
In the solar sector, Octopus Energy has entered into a partnership with FFNEV, a developer specializing in managing renewable energy and storage projects. This collaboration, executed through the “Octopus Energy Development Acceleration Partnership” fund, aims to develop 500 MW of new photovoltaic capacity and 100 MW of storage by 2030. These projects will be located in several regions, such as Grand Est, Nord, Pays de la Loire, Nouvelle-Aquitaine, and Occitanie, and should provide enough energy for 110,000 households.
Additionally, Octopus Energy has acquired two recently commissioned solar farms from BayWar.e, with a total capacity of 80 MW. These farms, located in the Indre and Charente-Maritime regions, will supply approximately 18,000 households annually. These acquisitions strengthen Octopus Energy’s production capacity in France, in a context of strong demand for renewable energy.
Expansion into wind energy
Octopus Energy is also positioning itself in the wind energy market. It has recently acquired the “Vallée 1” wind farm, located in the Aisne region. This 35 MW park is expected to come online by the end of 2025, providing energy for an additional 14,000 households. Furthermore, the company has acquired the “Terrier de la Pointe” wind farm in Nouvelle-Aquitaine, consisting of six turbines. This park generates enough electricity to supply around 10,000 households per year.
These investments in wind energy are part of a strategy to diversify Octopus Energy’s asset portfolio. With a strong focus on renewable technologies, the company aims to expand its market share in France, where the demand for more sustainable energy solutions continues to grow.
Development ambitions in France
Zoisa North-Bond, CEO of Octopus Energy Generation, stated, “France has enormous potential to become a major player in renewable energy. These investments allow us to scale up in the provision of green energy.” This statement underscores the company’s ambitions as it continues to develop in a constantly evolving sector, with clear goals for production capacity and support for the energy transition in Europe.
