Octopus Energy’s generation arm has invested in the Walney Extension offshore wind farm. Octopus has taken a 12.5% stake in the 660 MW wind farm and the wind farm is made up of 87 turbines and it has been operational since 2018.
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. Octopus bought the stake in Walney Extension from AIP Management, the investment manager for Danish pension fund PKA and PFA. This latest investment was made by the newly launched £3 billion Octopus Energy Offshore Wind fund
- set up with a cornerstone investment from Tokyo Gas - and the Sky fund (ORI SCsp), both managed by Octopus Energy Generation.