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Octopus buys 50% stake in Lintas Green Energy

RICHARD HEAP

March 15, 2024

Octopus Energy Generation has expanded in Germany by buying a 50% stake in wind and solar developer Lintas Green Energy.

Lintas was founded in 2022, and has 20 wind and solar projects in its development pipelines in German states including Bavaria, Hesse and Saxony-Anhalt. Octopus entered the German renewables market in 2022 and plans to invest over €1bn in the country by 2027.

Alex Brierley, co-head of Octopus Energy Generation’s fund management business, said: “Germany has been a leader of the global ‘Energiewende’ since the ’80s. We’re proud to be able to help the country speed up this transition by backing green projects and developers that are driving a cleaner, cheaper future. This latest deal with Lintas Green Energy is our 8th renewables deal in Germany and our first investment in a company creating new green power – and it won’t be our last.”

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