Octopus Energy Generation, the renewables arm of Octopus Energy Group, is accelerating Germany’s energy transition with the acquisition of a green-energy developer with a 2-gigawatt pipeline of renewables projects.
Based in Hamburg, MN projects is developing more than 70 renewable-energy sites across Germany. The multi-gigawatt portfolio includes solar farms and battery-storage projects, with the first ready-to-build and more set to reach that stage this year and beyond.
Once up and running, these projects can deliver enough solar energy to power 500,000 German homes — nearly every household in Frankfurt — and unlock battery-storage capacity for an additional 150,000 homes.
MN is supercharging Germany’s “Energiewende” — or energy transition — by bringing green energy to coal-heavy regions such as Saxony and Lower Saxony, supporting the country’s target of 80 percent renewable electricity by 2030.
The deal was made through the Octopus Ene
