Investing in wind, solar, and a greener future – in the UK and beyond

We’re constructing a future that runs on clear, inexperienced vitality – not simply right here within the UK, however all throughout the globe. For this reason Octopus Vitality Technology have simply invested in East Anglia One – one of many greatest offshore wind farms on the planet. It’s already been powering round 700,000 British houses a 12 months with clear, inexperienced electrical energy, and now we’re serving to take it even additional.

That is our fourth main UK offshore wind funding – and our seventh throughout Europe.

The objective? To harness extra of the pure energy Britain has in abundance, and benefit from our lengthy coastlines and windy climate. Wind energy is already a cornerstone of our nation’s vitality – and the extra of it we construct, the cheaper and greener vitality turns into for all of us.

This East Anglia mission alone is huge – 714 megawatts from 102 generators out at sea, delivering sufficient homegrown energy to maintain the lights on in cities from Norwich to Newcastle. It joins our different UK wind stakes in Hornsea One, Lincs, and Walney Extension – and it’s all a part of our mission to put money into future-proof vitality right here at house.

However we’re not simply betting on the breeze in Britain…

In South Korea, Octopus Vitality Technology have simply backed a workforce of professional native builders to construct 20 model new photo voltaic farms. They’ll be up and working within the subsequent two years and are set to energy 45,000 houses a 12 months with clear vitality.

South Korea is among the world’s most tech-savvy nations – however it nonetheless depends closely on coal. That’s altering quick. The nation’s aiming to triple its share of renewables by 2038, and photo voltaic is a big a part of that plan. We’re proud to be a part of this inexperienced transformation – serving to kickstart new initiatives, clear up the grid, and construct a extra sustainable vitality future throughout Asia.

In the meantime, in France, we’ve simply locked in 4 new clear vitality offers – boosting our wind and photo voltaic portfolio there previous 500 megawatts. That’s sufficient to energy 150,000 French houses.

We’re constructing photo voltaic farms on repurposed army land, putting in wind generators from Aisne to Nouvelle-Aquitaine, and even increasing agri-solar – the place photo voltaic panels and farming share the identical land to spice up biodiversity and assist rural communities. We additionally provide half 1,000,000 vitality clients in France already – and we’ve launched our well-known Fan Membership there too, giving cheaper charges when the wind is blowing close to you.

Each time we put money into new renewable vitality – whether or not it’s in Suffolk or Seoul – it brings us nearer to a less expensive, safer, extra sustainable vitality system. These aren’t far-off, distant initiatives. They energy houses. They create down payments (when constructed hand-in-hand with customer-first market reform, however that’s a narrative for an additional day). They minimize carbon. They matter.

And we’re not slowing down. So subsequent time the wind picks up or the solar breaks by means of the clouds, simply know: we’re doing every thing we will to place it to good use.