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Octopus Energy to buy 50% stake in German developer Lintas

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Octopus Energy to buy 50% stake in German developer Lintas | Windpower Monthly

UK renewables firm Octopus Energy is investing in German renewables developer Lintas Green Energy and is set to acquire a 50% stake.

The investment will be made through Octopus's Sky fund, which is aiming to raise £3 billion (around €3.5 billion) for new renewables investment by 2025.

The value of the deal was not disclosed, but the investment will aid the development of new wind and solar capacity, with a target of 1GW by 2030.

Octopus said it was raising its renewables activity in Germany and plans to invest more than €1 billion in the country by 2027.

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