In Short : UK-based Octopus Energy is considering a $14 billion demerger of its tech arm, Kraken Technologies, aiming to spin it off within a year. The move may include selling a 20% stake to external investors. Kraken, which manages over 70 million utility accounts globally, could operate independently, unlocking value and enabling broader partnerships […]
Octopus Energy Takes Stake in 714 MW East Anglia One Offshore Wind Farm in UK – EQ
In Short : Octopus Energy has acquired a 10% stake in the 714 MW East Anglia One offshore wind farm off England’s Suffolk coast. The project powers around 700,000 homes and marks Octopus’ fourth UK offshore wind investment. Acquired from Macquarie, the move boosts Octopus’ clean energy portfolio and supports its goal of delivering affordable, […]
Octopus Energy Eyes Offshore Wind Partnerships In Japan – EQ Mag
British energy supplier, Octopus Energy, is looking to ramp up its renewable energy supply mix in Japan. The company entered the Japanese market in late 2020 via a joint venture with Tokyo Gas and has garnered approximately 160,000 customers. The energy supplier currently relies on Tokyo Gas for electricity. About 80% is sourced through liquefied […]
Octopus Energy strikes new EU deal to harness ‘huge untapped potential’ and slash bills – EQ Mag
Octopus said that their deal would help Europe end its reliance on natural gas. UK-based firm Octopus Energy has announced a major expansion into the EU by investing in a company that’s set to power a million homes. The energy firm’s generation arm has green energy developer FF New Energy Ventures (FFNEV) to develop more […]
Octopus signs PPA with Shell to offtake energy from ‘world’s largest offshore wind farm’ – EQ Mag
Octopus Energy has signed a power purchase agreement (PPA) with Shell to receive green energy from the “world’s largest offshore wind farm”, it said. Being developed off the North East coast of England, Dogger Bank is the fruition of a joint venture consisting of SSE Renewables (40%), Equinor (40%) and Vårgrønn (20%). Once completed in […]
Octopus Energy buys Zestec Renewable Energy – EQ Mag
The deal comes with a 160MW pipeline of new solar projects Octopus Energy Group’s generation arm has acquired UK solar developer and asset manager Zestec Renewable Energy. Zestec is developing a pipeline of over 160MW of new UK solar energy which will be sold to the organisations hosting the solar panels via power purchase agreements […]
Octopus Energy enters the German renewable generation market with its first wind farm investment – EQ Mag Pro
Octopus Energy Generation closes its first renewable energy deal in Germany, with several more in the pipeline Wind farm to power nearly 40k homes and offset carbon equivalent to 30k cars Comes as Octopus’s retail business in Germany surpasses 120k customers London/Munich : Octopus Energy Group’s generation arm, one of the largest investors in solar […]
Octopus Energy backs mega solar farm in Morocco to power 7 million heat pumps with cheap green power – EQ Mag Pro
Octopus Energy enters deal with Morocco-UK Power Project Xlinks 10 GW renewables project to diversify UK energy supply routes this decade World’s largest subsea cables to provide 3.6 GW of green power to the UK for an average of 20 hours a day – enough to power about 7 million heat pumps London : Energy […]
Octopus Energy, Sterlite Power team up to decarbonize Indian industry – EQ Mag Pro
Energy technology pioneer Octopus Energy Group and leading Indian power transmission player Sterlite Power have signed an agreement that aims to help decarbonise Indian industry and bring cheaper green power to consumers around the world. The Memorandum of Understanding (MoU), signed at COP26, will see the two companies explore several joint retail ventures. It is […]
Al Gore’s Generation Takes $600 Million Stake in Octopus Energy – EQ Mag Pro
Al Gore’s Generation Investment Management LLP bought a $600 million stake in the U.K.’s Octopus Energy Ltd., a supplier of green electricity. Generation’s Long-Term Equity fund will own a 13% stake, boosting Octopus’s valuation to $4.6 billion, the utility said in a statement Monday. Octopus plans to use the capital to “turbo boost” its renewable-energy […]