Octopus Energy completes acquisition of an additional 7.75% stake in 270 MW Lincs offshore wind farm

Octopus Energy has completed the deal that increased its stake in the 270 MW Lincs wind farm project by 7.75%. The company now holds a 31% interest in the project.

Octopus Energy Generation’s fund management team previously managed a 23.25% stake in Lincs on behalf of the Sky fund (ORI SCSp) and Octopus Renewables Infrastructure Trust (ORIT). This additional 7.75% stake has been acquired on behalf of Octopus’ Sky fund.

The Lincs wind farm is made up of 75 wind turbines across 35 square kilometers, generating enough clean power for 240,000 UK homes every year. The project has been operational since 2013 and is operated by Ørsted.