Octopus Energy unlocks French green power for 150 000 homes

These latest deals have propelled Octopus past a significant milestone, with the company now managing 500 MW of green power across over 30 operational and under-construction wind and solar farms across France.

France is Octopus’ largest clean generation market in continental Europe – and these deals mark the latest leap in Octopus’ €1 billion investment plans for France’s renewables market.

To speed up solar, Octopus expanded FFNEV – a renewables developer it backs in Spain, Portugal, and Romania – into France, on behalf of the Octopus Energy Development Partnership (OEDP).

FFNEV France aims to deliver 500 MW of new solar farms by 2030 primarily focused on agrivoltaics, alongside 100 MW of energy storage by 2030. This is across regions such as Grand Est, Nord, Pays de la Loire, Nouvelle Aquitaine, and Occitanie, and will be enough to power around 110 000 homes.

In addition, Octopus acquired two newly-operational solar farms from the renewable energy company BayWa r.e. with a combined capacity of 80 MW in the Indre region in central France and in Charente Maritime in the south-west, on behalf of the Sky Fund (ORI SCSp). The two 40 MW solar farms are on former military bases, have been designed for sheep farming, and can power 18 000 homes a year.

These solar deals come hot on the heels of Octopus’ acquisition of agrivoltaics developer OX2 France earlier this year. They combine solar energy with agriculture to maximise land use and boost biodiversity, targeting the development of almost 500 MW of solar projects by 2031.

To ramp up wind energy, Octopus acquired the Vallee 1 wind farm in the Aisne region from Enertrag. The 35 MW wind farm is due to go live at the end of the year and power over 14 000 homes a year.

Octopus also acquired the Terrier de la Pointe 20 MW wind farm from Q ENERGY, located in Nouvelle-Aquitaine. It will produce clean power for 10 000 French homes annually once operational by summer 2025. Both wind farms were acquired on behalf of the Sky fund (ORI SCSp).

Zoisa North-Bond, CEO of Octopus Energy Generation, said: “France has incredible potential to become a renewable energy powerhouse. We’re always looking at how we can create a cleaner and cheaper energy system for everyone. With these latest investments, we’re scaling cutting-edge agrivoltaics to wind farms delivering home-grown clean power to power 150 000 homes.”

 

 

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Read the article online at: https://www.energyglobal.com/solar/01042025/octopus-energy-unlocks-french-green-power-for-150-000-homes/