Octopus Energy to invest in Deep Wind Offshore.

Transaction Tags

• Norway
• offshore wind farm construction
• Renewable Energy Equipment
• Acquisition
• Private
• Friendly
• Cross Border
• Minority
• Pending
• Single Bidder

Synopsis

Octopus Energy, a UK-based retail electricity and gas supplier specialising in sustainable energy, agreed to invest in Deep Wind Offshore, a power company developing a sustainable source of new electricity, powered by offshore wind, balanced by Norwegian hydropower. Financial terms were not disclosed. “The potential for offshore wind is absolutely massive and in many ways we’re only at the start of this burgeoning industry. Working with Deep Wind Offshore is hugely exciting, providing access to new offshore wind markets for us where they have deep expertise. Ultimately, the more offshore wind farms built across the globe, the quicker we can drive down bills and create a more secure energy system for everyone,” Zoisa North-Bond Octopus Energy Generation CEO.

Sources