Wind Energy – Walney Extension
Octopus Energy’s generation arm has invested in the Walney Extension offshore wind farm as it rapidly scales its offshore wind activity to boost energy security in the UK.
Octopus has taken a 12.5% stake in the 660 MW wind farm, which is among the world’s top 10 largest wind farms.
The wind farm is made up of 87 turbines – each taller than the 158m high Blackpool tower. It has been operational since 2018 and produces clean power for nearly 600 000 homes.
It is located in the Irish Sea off the coast of Barrow-in-Furness in the north west of England, amongst a cluster of offshore wind farms in an area with strong wind resources.
The deal marks the sixth offshore wind farm Octopus has invested in since last year. It has backed Hornsea One and Lincs in the UK as well as two offshore wind farms in the Netherlands and one in Germany just weeks ago.
