MN projects GmbH is advancing over 70 renewable energy sites across Germany, encompassing solar farms and battery storage systems. Once operational, these projects are expected to generate sufficient solar energy to power 500,000 households and provide battery storage capacity for an additional 150,000 homes, supporting Germany’s sustainable energy goals.
This acquisition follows Octopus’ investment in Lintas Green Energy, a developer constructing 1 gigawatt of wind and solar farms in Germany by 2030. Octopus already manages 300 megawatts of solar, onshore, and offshore wind projects in the country. Beyond generation, Octopus Energy Group is expanding its energy supply business, serving over 800,000 customers in Germany.
Zoisa North-Bond, CEO of Octopus Energy Generation, stated: “Solar is now the fastest-growing sector in Germany’s renewables mix. And with Germany racing towards 80% renewable electricity by 2030, investments like this are essential to meet this goal. By partnering with MN projects GmbH, we’re accelerating the shift from fossil fuels to solar energy and battery storage. These solutions will power German homes sustainably for years whilst helping to balance the grid, driving a greener future for the country and beyond.”
Bernd Neitzel, co-founder of MN projects GmbH, said: “Octopus Energy Generation is an excellent fit with our ambitions. We look forward to working with Octopus’ experienced team to develop large-scale solar projects and BESS projects that will make a direct contribution to security of supply and decarbonisation.”
The acquisition strengthens Octopus’ portfolio in Germany, a key market for renewable energy expansion. The projects under MN projects GmbH will enhance grid stability and support the transition to clean energy, aligning with Germany’s target of achieving 80% renewable electricity by 2030. By integrating solar and battery storage, these initiatives will provide reliable, sustainable power to households while reducing reliance on fossil fuels.
Octopus Energy Generation’s continued investments in Germany reflect its commitment to advancing renewable energy infrastructure, fostering economic and environmental benefits through strategic partnerships and innovative project development.
