Tag: Octopus Energy

Octopus Energy drives solar power in Iberia with renewables developer partnership

Stuart Mitchell

Octopus Energy’s generation arm expands green power in Iberia by investing in renewables developer FF New Energy Ventures (FFNEV) to develop more cheap green power, reducing fossil fuels reliance. The Octopus Energy Development Partnership (OEDP) investment in Spanish-founded FFNEV will scale activity in Spain and Portugal, and accelerate expansion into new European countries and Latin America in the future. This marks Octopus’ first entry into Portugal’s green generation market. FFNEV has 2.1GW of renewable projects in their pipeline already and is also participating in floating offshore wind development with a…

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Octopus Energy acquires renewables developer to boost British solar

Stuart Mitchell

Octopus Energy Group’s generation arm announces the acquisition of UK solar developer and asset manager Zestec Renewable Energy to build cheap solar power on British businesses’ roofs, helping to drive down energy bills. Zestec is developing a pipeline of over 160 MW of new UK solar energy which will be sold to the organisations hosting the solar panels via power purchase agreements (PPA). This will allow SMEs, public sector organisations like schools and local councils, as well as large corporations to benefit from self-generated green power without footing the cost…

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Major firms work together to drive regional green investment

Stuart Mitchell

Four of Britain’s biggest firms are working together to advise on pilot projects to drive green investment into local areas, and promote economic growth. As part of the Prime Minister’s Business Council, the leaders of Lloyds Banking Group, Octopus Energy, Shell and National Grid have launched the Local Low Carbon Accelerator (LLCA) project to provide a blueprint for local authorities and the private sector to work together and get green infrastructure delivered faster. Localised green infrastructure projects are key in the road to net zero , given the focus on…

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Octopus Energy and Vauxhall offer drivers almost £700 in savings to switch to electric

Stuart Mitchell

Vauxhall and green entech pioneer Octopus Energy have come together to launch the country’s first one stop shop for EVs from a single car manufacturer. The partnership will simplify the UK’s switch to electric vehicles, and help improve the country’s electric vehicle ownership experience at home and on the road. Vauxhall’s ‘Plug and Go’ EV bundle is now available for new Vauxhall customers and includes the installation of a home charger and access to Octopus’ award-winning EV roaming service, Electric Universe. Drivers can also choose a 100% green electricity tariff…

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New Octopus Energy renewables fund makes first investment to develop green energy and the UK’s largest battery

Stuart Mitchell

Octopus Energy Group has launched its new renewables fund Octopus Energy Development Partnership (OEDP). It comes as the fund makes its debut investment in renewables developer Exagen to build new green energy and rapidly grow the UK’s energy storage capacity. The €220 million OEDP focuses on investing in early stages of building new green energy, vital to help reduce Europe’s dependence on gas imports and to lower energy bills in future. Managed by Octopus Energy Generation, OEDP is targeting solar, onshore wind and energy storage projects in the UK and…

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