Octopus Energy is set to bring an additional £3.4bn-worth of renewable energy generation capacity within its portfolio with the acquisition of its asset management sister company Octopus Renewables, in a move it said was designed to “shake up the global energy market”. The UK’s fifth largest energy supplier said the deal announced today, which is aimed at bringing its consumer supply business and Octopus Renewables’ green energy asset portfolio under one roof, would make it one of the largest operators and investors in the European renewable energy market.
Business Green 26th March 2021 read more »
The UK’s fastest growing energy supplier will soon become one of Europe’s biggest renewable energy investors in a deal worth more than £3bn, which could bring green energy to 50 million homes in six years. Octopus Energy will snap up its sister company Octopus Renewables in a move that will hand the startup a portfolio of about 300 renewable energy projects, across six different countries, enough to power more than 1.2 million homes.
Guardian 26th March 2021 read more »