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

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.

Mitrex secures Guinness Record for the largest integrated solar facade globally, combining photovoltaics and cultural art in Edmonton, covering over 30,000 square feet with installed capacity exceeding 265 kW.
EDF power solutions completes the acquisition of the 500MW Gate Burton solar-battery project from the company Low Carbon, strengthening its presence in hybrid photovoltaic-storage solutions in the United Kingdom.
The global photovoltaic films market is expected to see significant growth, reaching $41.59bn by 2034 due to the development of new solar technologies and the increasing demand for encapsulation suited to these innovations, a recent study indicates.
Italian group Plenitude has begun building Entrenúcleos, a 200 MW photovoltaic plant near Seville, set to deliver more than 435 GWh a year from 2026 while trialling locally produced green steel.
The state-controlled refiner has launched a 7.5-megawatt photovoltaic unit off Qingdao, the country’s first commercial installation designed for fully saline waters, intended to supply its future renewable hydrogen production.
The Emirati company Global South Utilities plans to install up to 250 MW of solar capacity in Madagascar, a project aimed at strengthening the national electricity network heavily reliant on fossil fuels and frequently facing energy deficits.
Emerging economies from the BRICS group now account for more than half of global solar electricity production in 2024, driven mainly by China, India, and Brazil, according to a new report by the organisation Ember.
Star Trade, a subsidiary of HD Renewable Energy, has signed a power purchase agreement with Lightsource bp to manage electricity distribution from a 115 MWp solar project located in Chiayi, strengthening their presence in the Taiwanese market.
TotalEnergies will develop a 1.8 MW photovoltaic installation for Daehwa Pharmaceutical, covering approximately 20% of the annual energy requirements of the production site located in Hoengseong-gun, South Korea, under a 20-year agreement.
Quinbrook Infrastructure Partners announces full operational launch of Cleve Hill Solar Park, now becoming the largest active photovoltaic power plant in the United Kingdom with a total installed capacity reaching 373 MW.
European photovoltaic module manufacturer BISOL is integrating G12R solar cells into its product range, replacing the former M10 cells, to improve product performance and technological competitiveness starting from the second quarter of 2025.
Adani Green Energy Limited becomes the first Indian company to achieve 15,539.9 MW of operational renewable capacity, cementing its position among the global top 10 independent green power producers.
Italian group Pronur establishes itself in Saudi Arabia with support from AstroLabs, aiming to provide advanced technologies in the renewable energy sector and develop new industrial partnerships.
Ascent Solar Technologies, Inc. announces the launch of a $2mn public offering to finance working capital, product development and general expenses.
Ardian Clean Energy Evergreen Fund takes control of 117 photovoltaic plants totalling 116 MW in Italy, further consolidating its presence in the country’s renewable energy sector.
Zelestra has secured $282mn financing from Natixis CIB, BNP Paribas and BCI for its Aurora project, combining a 220 MWdc solar plant and 1 GWh storage capacity in the Tarapacá region, Chile.
Egypt has been building an industrial photovoltaic solar complex in Ain Sokhna since June 19, aiming to stimulate strategic local production with a total investment of $200 million funded by the Chinese group Sunrev.
Générale du Solaire has inaugurated in Leutenheim, Bas-Rhin, a floating photovoltaic plant of approximately 20 MWc installed on a former gravel pit, marking the region's first large-scale project supported by successful local participatory funding.
Plenitude and Modine have signed an agreement to build a photovoltaic plant with an installed capacity of 1.585 MWp in Pocenia, designed to power thermal and refrigeration equipment at Modine’s Italian industrial site, without initial investment.
Namibia begins construction of its largest solar plant, Sores|Gaib, aiming to reduce dependence on energy imports by leveraging its solar potential, considered among the highest globally according to the World Bank.