Monday, 24 July 2023 12:25

Britain's Octopus Energy to invest $20 bln globally in offshore wind by 2030

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Octopus Energy Generation plans to invest $20 billion in offshore wind by 2030, aiming to improve energy security and reduce dependence on fossil fuels. The investment will generate 12 gigawatts of renewable electricity per year, enough to power 10 million homes. The company targets projects on a global scale, with a focus on Europe. Offshore wind is already transforming the UK's energy system and Octopus Energy is excited about its potential for global net-zero emissions, energy security and reduced electricity bills.

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