Octopus Energy Generation, the renewables investment arm of Octopus Energy Group, has acquired Hamburg-based green energy developer MN projects GmbH, adding a 2 GW pipeline of solar and battery storage projects in Germany to its portfolio. MN projects is currently developing over 70 renewable energy sites across the country, with the first projects ready for construction and more expected to reach that stage over the coming months and years.
Once operational, the projects are expected to generate enough solar power to supply 500,000 German homes and deliver battery storage capacity to meet the needs of an additional 150,000 homes. The transaction was executed through the Octopus Energy Development Partnership (OEDP).
This marks Octopus Energy’s ninth investment in Germany within three years, following its 2023 stake in Lintas Green Energy, which is targeting the development of 1 GW of new wind and solar capacity in Germany by 2030. Alongside expanding its renewables portfolio, Octopus Energy Group is also accelerating growth in its German energy supply business.
