Octopus Renewables buys into floating offshore wind developer Simply Blue Group

The clean energy investor has acquired a stake in the floating offshore wind developer that is currently targeting UK and Irish projects

by Craig Richard 9 August 2021

Simply Blue Group has a pipeline of more than 9GW of floating offshore wind capacity, mostly in the UK and Ireland,

Octopus Renewables has invested €15 million in floating wind developer, Simply Blue Group.

It marks Octopus’ entry into the floating offshore wind sector.

Simply Blue Group has a pipeline of more than 9GW of floating offshore wind capacity, most of which is planned for sites in UK and Irish waters.

This includes projects in the public domain – 300MW Emerald , 300MW Valorous , 100MW Erebus , 100MW Salamander and 1350MW Western Star Wind  – alongside others that have yet to be announced, a Simply Blue Group spokesman told “uåX˜äŠÊ˜·³Ç. It has already teamed-up with Shell and TotalEnergies on project development. 

Octopus Renewables’ portfolio of assets, meanwhile, amounts to more than 2.8GW of capacity.