- Published: 14 November 2023 14 November 2023
Octopus Energy’s generation arm has made its first investment in Germany’s offshore wind sector. Octopus has taken a 5% stake in Butendiek, an 80-turbine offshore wind farm that sits 32 km west of the island of Sylt in the North Sea.
The wind farm has been operational since 2015, has a capacity of 288 MW. This latest investment in Butendiek wind farm was made by the Sky fund (ORI SCSp), which is managed by Octopus Energy Generation. Octopus bought the stake from ewz, the Zurich Municipal Electric Utility.