Octopus Exceeds $2bn Offshore Wind Investment in Just Two Years - Bulletin

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investments in two years, aiming to accelerate global offshore wind developments</p> <p>Octopus Energy has announced that its generation arm has surpassed $2 billion (£1.5bn) in offshore wind investments within just two years.</p> <p>This milestone was revealed at COP29 in Baku, Azerbaijan, and forms part of the company’s broader plan to invest $20 billion in offshore wind projects by 2030.</p> <p>The company launched its Offshore Wind Fund, called Vector, last year to accelerate the development of offshore wind technology.</p> <p>Through this fund, Octopus has invested in Ocergy, a company working to make floating wind farms more affordable and quicker to build, helping to unlock the potential of deep-water wind energy.</p> <p>Octopus now holds stakes in six offshore wind farms across Europe, including some of the world’s largest projects, such as Hornsea One in the UK.</p> <p>Offshore wind power is becoming an important part of the global energy mix, with governments setting ambitious targets for expansion.</p> <p>In addition to funding offshore wind projects, Octopus has also introduced innovations in the sector.</p> <p>One of these is the ‘Fan Club’ model, which offers customers living near its offshore wind farms cheaper electricity when the wind is strong, helping to reduce their energy bills.</p> </div> </div> <div class="article-tag-box"> <a href="https://www.wedoany.com/en/shortnews-0_4072.html" class="tag" style="border-color:; color: ;">Europe</a> <a href="https://www.wedoany.com/en/shortnews-0_0_4323.html" class="tag" style="border-color:; color: ;">UK</a> <a href="https://www.wedoany.com/en/shortnews-0_0_0_1001817.html" class="tag" style="border-color:#978b3b; color: #978b3b;">Wind Power</a> <p class="keyword"> <a href="https://www.wedoany.com/en/shortnews_search_UK.html">UK</a> <span>/</span> <a href="https://www.wedoany.com/en/shortnews_search_Octopus+Exceeds.html">Octopus Exceeds</a> <span>/</span> <a href="https://www.wedoany.com/en/shortnews_search_Offshore+Wind+Investment.html">Offshore Wind Investment</a> </p> </div> <div class="mz-box"> This newsletter is compiled and reprinted from the global Internet and strategic partner information, and it is only for readers' communication. 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