Octopus Energy Generation’s fund management team is to build the 35MW Gaishecke wind farm in Hessen, Germany, its first renewable generation deal in the country.
Construction will kick off in the next few weeks and it will become operational by the end of 2023.
Gaishecke will comprise 10 Vestas turbines and will generate almost 100,000 megawatt-hours, enough electricity to power nearly 40,000 households a year.
Octopus bought the rights for the construction of the wind farm from a consortium of sellers.
It is aiming to quickly ramp up its generation portfolio in Germany and its fund management team is already scoping out further sites.
By 2030, the company is planning to operate 1.2GW of wind and solar farms across the country.
The new deal brings Octopus’s generation and supply businesses closer together, and will enable Octopus Energy to launch its innovative wind tariff – the ‘Fan Club’ – in Germany in the future.
The tariff, which was kicked off in the UK in 2021, offers communities living close to its wind turbines up to 50% discount on their energy rates.
Octopus Energy Generation chief executive Zoisa North-Bond said: “We’re absolutely thrilled to expand into renewable generation in Germany as we rapidly scale green power across the continent.
“We’re huge fans of Germany’s wind market and can’t wait to build this wind farm – which will be the first of many – to bring even more cheap green energy to people and help secure energy independence.”
Octopus Energy Germany chief executive Andrew Mack added: “We’ve been blown away by the response to Octopus in the German retail energy market.
“This first onshore wind deal is a really significant milestone and it’s just the beginning, bringing green generation even closer to the consumer.”
Octopus Energy Generation already manages 3GW of renewable energy assets across Europe.
The company is stepping up its generation capabilities, planning to create 18GW of clean energy generation projects across the world by 2027.