Octopus Energy Generation Secures 10% Stake in 714MW East Anglia One Offshore Wind Farm

Image Credit: Octopus Energy Generation

Octopus Energy has strengthened its position in the renewable energy sector, securing a 10% stake in the 714 MW East Anglia One offshore wind farm—a colossal clean energy project powering Britain’s green transition. Fully commissioned in 2020, this offshore giant is one of the top 10 largest wind farms globally, generating enough electricity to power approximately 700,000 homes annually.

This latest acquisition, sourced from Macquarie Asset Management, was made on behalf of Vector, Octopus’ dedicated offshore wind fund. Vector is laser-focused on accelerating offshore wind advancements, investing in fixed and floating turbines, and introducing cost-cutting innovations.

Nestled 43 kilometres off Suffolk’s coastline, East Anglia One is co-owned by ScottishPower Renewables and Macquarie’s Green Investment Group (GIG). Since 2021, its 102 massive turbines have fed clean power into Britain’s energy grid, reinforcing its commitment to renewable energy.

“Britain is blessed with strong winds and long coastlines—ideal conditions for offshore wind. Over the past years, this sector has become a cornerstone of our energy system. Our investment will further supercharge this clean technology, delivering cheaper, greener power to people across the UK,” said Zoisa North-Bond, CEO of Octopus Energy Generation.

Octopus’ Expanding Offshore Wind Footprint:

This move cements Octopus Energy’s reputation as a major player in offshore wind, marking its fourth British offshore wind investment and seventh across Europe. The company already holds stakes in:

• 1.2 GW Hornsea One (UK)

• Lincs and Walney Extension (UK)

• 288 MW Butendiek (Germany)

• Borssele V and Borssele III & IV (Netherlands)

Beyond the UK, Octopus is also making waves in France, where it has entered the nation’s offshore wind tender in collaboration with Skyborn Renewables. The company is one of only twelve contenders prequalified for the prestigious AO9 tender, which offers development rights across four new offshore wind sites—one in South Brittany, two in the Mediterranean, and one in the French South Atlantic region.