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Birmingham Post
Birmingham Post
Business
Tom Pegden

With UK energy prices rising, green energy provider Octopus signs up to European wind power

Octopus Europe United Kingdom Octopus Energy Group Octopus Energy

With energy bills soaring and Western Europe forced into rethinking its reliance on Russian oil and gas, one UK energy business is stepping up its investment in wind power.

Octopus Renewables, a fund management specialist within the Octopus Energy Group, has signed four deals to ramp up wind power generation across Europe and to help deliver Net Zero.

It comes after Ofgem warned that average home energy bills will rise by £693 from April 1, after a spiralling wholesale prices led it to hike the energy price cap by 54 per cent to a record £1,971 for a typical home.

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