SUBSCRIBE
PROFILE

Octopus Energy invests in two solar farms in the United States

Octopus Energy acquires two solar farms in Ohio and Pennsylvania, aiming to invest $2 billion in renewable energies in the United States by 2030.

Share:

Octopus Energy Investissements Solaires USA

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Octopus Energy, has made a significant acquisition by entering the US renewable energy market. The company has acquired two solar farms located in Ohio and Pennsylvania, with a combined capacity of 100 MW. These solar farms will supply clean energy to around 20,000 homes. This investment marks the start ofOctopus Energy ‘s goal to inject $2 billion into renewable energy generation projects in the United States by 2030. This strategy is designed to strengthen the company’s presence in the North American market and diversify its energy portfolio.

Expansion in North America

In addition to its entry into the US solar farm market, Octopus Energy is expanding its Kraken technology platform in North America. Kraken is already being deployed with Tenaska in Texas to optimize battery storage, and with Saint John Energy in Canada. Octopus Energy’s global portfolio now comprises 2 GW of solar projects and 1.7 GW of green energy projects worldwide, including onshore and offshore wind farms. New projects planned in Asia and Africa demonstrate the company’s international reach.

Investor Support

Octopus Energy has the financial backing of several major international climate investors. These include Generation Investment Management, Canada Pension Plan Investment Board (CPP Investments) and Galvanize Climate Solutions. These financial partnerships strengthen Octopus’ ability to realize its ambitions in the renewable energy sector. Greg Jackson, founder of Octopus Energy, emphasized the importance of this initial investment in the United States as a major step in the company’s global expansion. This investment is in line with Octopus’ long-term growth strategy in the renewable energy sector.

Continuous Development

Since entering the US in 2020, Octopus Energy has launched several initiatives, including a retail energy business in Houston, Texas, and an electric vehicle leasing program. These initiatives are part of the company’s overall strategy to offer diversified and innovative energy solutions to the North American market. By integrating solar projects and developing technological partnerships, Octopus Energy continues to strengthen its position in the renewable energy sector. The company is gearing up for significant growth with strategic investments and key collaborations in the coming years.

  • Popular on energynews.pro
UK creates taskforce to strengthen energy resilience after Heathrow outage
Japan approves partial restart of Kashiwazaki-Kariwa nuclear power plant
Illinois clarifies county authority over solar siting
Frontera splits operations to unlock asset value in Colombia
Aramco deploys autonomous AI agents to optimise Fadhili gas plant
Cypress Creek secures financing for 505 MW solar project in Texas
Cypress Creek Renewables begins construction of the Hanson Solar project in Texas, backed by structured financing combining debt and equity, to support the ERCOT grid and supply Meta’s operations.
India’s solar industry enters critical phase of forced consolidation
Facing massive overcapacity, US tariff pressures and rapid technological change, India's solar module sector is preparing for major industrial restructuring dominated by a few integrated groups.
Econergy connects 52MW solar park in Poland under contract with Apple
Econergy has connected its 52MW solar project in Resko, Poland, to the grid, supported by a 19-year virtual power purchase agreement signed with Apple.
Green Growth and K2 convert a FIT solar plant to FIP with storage
Green Growth and K2 Holdings begin converting a solar park to an FIP scheme, including battery installation, to improve profitability in a region heavily affected by production curtailment.
Arevon launches $200mn solar plant construction in Illinois
Arevon Energy has initiated construction of its first utility-scale solar project in Illinois, with a 124-megawatt capacity and $200mn in private investment to support U.S. energy demand.
Neoen divests 760 MW of operational assets to Plenitude in France
French renewable energy producer Neoen has signed an agreement with Plenitude to sell 52 assets totalling 760 MW of capacity on the French market.
France: the government launches an observatory to monitor 1,600 agrivoltaic projects
A national tool led by ADEME lists agrivoltaic installations across France to support their regulatory oversight, as the sector sees rapid growth following the 2023 law.
VALOREM commits 500 hours of job inclusion on its solar park in Aveyron
The construction site of the future photovoltaic park in La Couvertoirade plans to hire four people in job inclusion, as part of a partnership between VALOREM and the Union Départementale des Structures d’Insertion par l’Activité Économique de l’Aveyron.
Abraxas begins Solar City works, Maldives’ first special economic zone project
Abraxas Power Corp. has launched land reclamation operations for Solar City, a 100-megawatt floating solar project in the Maldives, following environmental approval. The total zone investment exceeds USD187mn.
Astronergy and Alfa Solar invest $200mn in solar plant in Turkey
Alfa Solar and Astronergy Europe are partnering to build an integrated solar wafer and cell facility with 2.5 GW capacity in Balıkesir’s organised industrial zone.
Global renewable energy investment growth slows to 7.3% in 2024
Despite reaching a record $807bn in 2024, renewable energy investment growth slowed sharply, with funding heavily concentrated in advanced economies and China.
Newheat equips Corrèze greenhouse with 7,000 m² of solar thermal collectors
French renewable heat provider Newheat has inaugurated the largest agricultural solar thermal plant in the country, supplying the Les Tomates d’Auïtou site with 5,400 MWh annually.
First Solar invests $330mn in new solar factory in South Carolina
First Solar launches a $330mn industrial project in Gaffney to add 3.7 GW of domestic solar capacity and create over 600 jobs, strengthening its manufacturing presence in the United States.
Ecopetrol acquires 0.6 GW solar portfolio from Statkraft for $157.5mn
Ecopetrol has finalised the acquisition of solar assets in Colombia from Statkraft for $157.5mn, adding more than 0.6 GW of installed capacity to its energy portfolio.
Kuwait launches tender for 500 MW solar project
The Kuwaiti government has invited six international consortia to submit bids for a new 500-megawatt solar project under phase III of the Al Shagaya complex.
Exowatt raises $50m to speed up solar unit deployment near AI data centres
Exowatt strengthens its capital to industrialise its P3 solar solution and meet the strong demand from AI-powered data centres across the United States.
T1 Energy injects $100mn to relaunch G2_Austin and accelerates G1_Dallas output
US-based T1 Energy strengthens its industrial footprint with two successive capital injections and prepares for the launch of its G2_Austin facility, while doubling production at its G1_Dallas site in the fourth quarter.
Velto Renewables takes full control of Les Îlots Blandin floating solar plant
Velto Renewables becomes the sole owner of Europe's largest floating solar power plant after finalising the transaction with Q ENERGY, strengthening its presence in France.
Voltalia commissions 126 MW Sarimay solar power plant in Uzbekistan
Voltalia has launched electricity production at Sarimay Solar, a 126-megawatt solar plant in Uzbekistan, marking a key milestone in the deployment of new photovoltaic capacity in the country.
rPlus Energies strengthens its portfolio with 900 MW of solar and storage projects in Idaho
rPlus Energies has completed the acquisition of two solar and storage projects totalling 900 MW in Ada County, reinforcing its position as a key energy player in the western United States.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.