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Octopus buys Deep Wind Offshore stake

Richard Heap
September 12, 2023

Octopus Energy has acquired a stake in Norwegian developer Deep Wind Offshore as part of its plan to invest $20bn in offshore wind by 2030.

Deep Wind Offshore was established in 2021 and has a 10GW portfolio of offshore wind projects that is planning to deliver by 2032, including 2GW in South Korea. Octopus Energy has bought an undisclosed stake and joins existing shareholders Haugaland Kraft, Knutsen OAS and Sunnhordland Kraftlag.

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