Partners Group exits North Sea offshore wind: catalyzing Octopus Energy’s $20bn global pursuit

Partners Group has completed the sale of their remaining 10% stake in a 731.5 MW Borssele III & IV offshore wind farm located in the Dutch North Sea. This wind farm has been successfully operating for the past two years and benefits from a feed-in premium regime, which ensures a steady stream of long-term contractual cash flows. Partners Group initially invested in the project in 2018, acquiring a 45% stake. Over the last 12 months, they have sold 35% of their ownership to Swiss Life Asset Managers and Nuveen Infrastructure. This recent transaction marks their complete exit from the wind farm. It is worth noting that Partners Group also divested their interest in the 396 MW Merkur offshore wind farm in Germany in 2019. 

For Octopus Energy, the investment aligns with their commitment to invest ~$20bn in the offshore wind space globally by 2030. The company has recently made strategic investments in prominent offshore wind assets in Europe, including the 1.2 GW Hornsea 1 and the 270 MW Lincs projects. Additionally, Octopus has demonstrated their dedication to offshore wind development by investing in platforms like Simply Blue Energy and Deep Wind Offshore. Interestingly, Octopus Energy is already a stakeholder in the Borssele V wind farm.