Octopus Energy and GLIL Infrastructure to acquire a 12.5% stake in Hornsea One from Global Infrastructure Partners for £400m.

Octopus Energy, a retail electricity and gas supplier, and GLIL Infrastructure, an open-ended fund, agreed to acquire a 12.5% stake in Hornsea One, an offshore wind farm, from Global Infrastructure Partners, an infrastructure investment fund, for £400m. “The UK is already a world leader in offshore wind but there is still so much more we can do. Harnessing the UK’s strong wind resources out at sea will help provide energy security and bring down energy bills. We’ve already made a splash in offshore wind after only entering this renewable technology earlier this year, and we have lots more coming up," Zoisa North-Bond, Octopus Energy CEO.