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The era arm of power provider Octopus Power has acquired its first photo voltaic PV portfolio in Germany, with a mixed capability of 142.8MW.
Consisting of two photo voltaic initiatives, Octopus purchased a 122MW photo voltaic farm within the jap state of Brandenburg, its largest renewables plant in Europe.
Presently below building, the undertaking is predicted to be accomplished later this yr.
The opposite photo voltaic PV plant acquired is a 20.8MW photo voltaic farm, which has been operational since March 2023 and is positioned within the western state of Saarland, close to Luxembourg.
Each photo voltaic farms have been acquired by the Sky (ORI Corp) fund which is managed by Octopus Power Technology.
Up to now 18 months, the UK firm closed seven renewables offers – with this one the primary for photo voltaic PV – in Germany and plans to speculate over €1 billion (£855 million) in renewables by 2027 within the European nation.
Zoisa North-Bond, CEO of Octopus Power Technology, mentioned: “We’ve reached a significant milestone with these investments – they don’t seem to be solely our first transfer into photo voltaic in Germany, however Schiebsdorf can even develop into the biggest photo voltaic farm in our European era portfolio.”
Apart from growing its photo voltaic portfolio in Germany, the UK firm expanded its portfolio within the nation with the acquisition of Shell Power – each within the UK and Germany – final September, as lined by our sister website Present±.
This text first appeared on Photo voltaic Energy Portal’s sister website PV Tech.
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