Octopus Energy Investments has acquired the 18MW Roche Quatre Rivieres wind farm in France from RES for an undisclosed price, its first move into the onshore sector in the country.
RES developed the project and will also be responsible for the construction and asset management of the wind farm.
Construction is underway and Roche Quatre Rivieres is expected to be in commercial operation by late 2019.
The project sees Octopus expanding its existing French renewable energy portfolio from solar into onshore wind with additional acquisitions expected soon.
It is also the third wind farm Octopus has acquired from RES and the first outside of the UK.
Octopus Energy Investments co-head Alex Brierley said: “This acquisition is yet another sizeable addition to our expanding portfolio of European assets.
“The 18MW Roche Quatre Rivieres diversifies our existing set of French renewable energy assets into onshore wind and is just the beginning of our ambitious acquisition plans.
“This will be the third wind farm we have acquired from RES and it is a real pleasure to continue working alongside them.”
RES head of project finance and acquisitions in France Alexandre Zanger said: “RES has already established a strong relationship with Octopus, however, this is the first project in France and, having operated in the country for 20 years, RES is perfectly placed to support any expansion ambitions Octopus may have.
“Our desire is to continue to develop our activities in wind, solar and storage alongside players such as Octopus who are committed to a zero-carbon future.”