Connection

popular articles

BYD: Half-year profit up 24.4% despite price war
Bolivia: YPFB seeks funding to revitalize the oil and gas sector
ExxonMobil launches Hammerhead Oil Project in Guyana
India: Petronet LNG adopts Novolen technology to boost production
Engie and Macquarie join forces to extend Mexico’s Mayakan gas pipeline

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.
Octopus Energy Investissements Solaires USA

Please share:

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.

Register free of charge for uninterrupted access.

Publicite

Latest news

North Macedonia: A Strategic Partnership with SOCAR for Energy Security
Strategic Partnership Between SEFE and Eletrobras for Green Hydrogen Supply
Increase in Premiums for 2025 LNG Contracts Following Trump’s Victory
Six new countries commit to tripling global nuclear production by 2050
Towards Methane Regulation Convergence: U.S. and European Union Collaborate

Recently published in

CHN Energy launches China’s first 1 GW floating offshore solar park

Chinese energy giant CHN Energy has inaugurated a 1 GW floating offshore solar park near Dongying, combining technological innovation and aquaculture to diversify its energy solutions and strengthen the country’s ecological transition.
TÜV Rheinland strengthens its commitment to U.S. solar energy with SEIA membership
TÜV Rheinland joins the Solar Energy Industries Association (SEIA) to support the U.S. solar industry with innovative services aimed at increasing the reliability and profitability of sustainable energy projects.
en_1140424540
TÜV Rheinland strengthens its commitment to U.S. solar energy with SEIA membership
TÜV Rheinland joins the Solar Energy Industries Association (SEIA) to support the U.S. solar industry with innovative services aimed at increasing the reliability and profitability of sustainable energy projects.
en_1140424540
Citicore signs a 2 GW solar module supply agreement with Trinasolar in the Philippines
Citicore Renewable Energy Corporation (CREC) has signed a 2 GW agreement with Trinasolar to supply its solar projects, aiming to support the Philippines' renewable energy ambitions.
en_1140392540
Citicore signs a 2 GW solar module supply agreement with Trinasolar in the Philippines
Citicore Renewable Energy Corporation (CREC) has signed a 2 GW agreement with Trinasolar to supply its solar projects, aiming to support the Philippines' renewable energy ambitions.
en_1140392540
Clearway cancels solar projects in Hawaii due to Hawaiian Electric’s financial risks
Clearway cancels solar projects in Hawaii due to Hawaiian Electric's financial risks
en_1140392540
Clearway cancels solar projects in Hawaii due to Hawaiian Electric’s financial risks
Clearway cancels solar projects in Hawaii due to Hawaiian Electric's financial risks
en_1140392540

ENGIE secures $82 million loan to support its solar projects in South Africa

ENGIE receives $81.7 million funding from the AIIB to accelerate its renewable energy initiatives in South Africa, aiming to bolster its expanding solar portfolio on the continent.
FREYR Battery acquires Trina Solar’s U.S. solar facilities to strengthen national production
FREYR Battery announces the acquisition of Trina Solar’s U.S. production facilities, marking a step toward vertical integration of solar production in the United States.
en_1140313540
FREYR Battery acquires Trina Solar’s U.S. solar facilities to strengthen national production
FREYR Battery announces the acquisition of Trina Solar’s U.S. production facilities, marking a step toward vertical integration of solar production in the United States.
en_1140313540
FTC Solar signs a one-gigawatt partnership for solar trackers with Dunlieh Energy
FTC Solar has entered a strategic agreement to supply over one gigawatt of solar trackers to Dunlieh Energy, starting with a 500 MW project in Nebraska, offering substantial economic benefits for the region.
en_1140267540
FTC Solar signs a one-gigawatt partnership for solar trackers with Dunlieh Energy
FTC Solar has entered a strategic agreement to supply over one gigawatt of solar trackers to Dunlieh Energy, starting with a 500 MW project in Nebraska, offering substantial economic benefits for the region.
en_1140267540
Westbridge sells 332 MW solar project in Alberta to METLEN
Westbridge sells 332 MW solar project in Alberta to METLEN
en_1140269540
Westbridge sells 332 MW solar project in Alberta to METLEN
Westbridge sells 332 MW solar project in Alberta to METLEN
en_1140269540

The three essential steps to accelerate the global energy transition toward a sustainable future

Faced with pressing climate challenges, the Global Energy Scenarios 2024 report highlights three crucial steps to achieve carbon neutrality: strengthening renewable energy, electrifying industrial sectors, and addressing residual emissions.
Sungrow equips one of Brazil’s largest solar projects
Solar inverter provider Sungrow has announced the supply of equipment for a major solar power plant in Brazil, with a capacity of 902 MWp, aiming to provide clean energy to a million households by 2025.
en_1140206540
Sungrow equips one of Brazil’s largest solar projects
Solar inverter provider Sungrow has announced the supply of equipment for a major solar power plant in Brazil, with a capacity of 902 MWp, aiming to provide clean energy to a million households by 2025.
en_1140206540
China: Turfan surpasses 10 billion kWh of energy for the first time
With a solar project integrating thermal storage and photovoltaics, Turfan in Xinjiang surpasses 10 billion kWh of annual production from renewable energy sources, marking a milestone in local energy transition.
en_1140203540
China: Turfan surpasses 10 billion kWh of energy for the first time
With a solar project integrating thermal storage and photovoltaics, Turfan in Xinjiang surpasses 10 billion kWh of annual production from renewable energy sources, marking a milestone in local energy transition.
en_1140203540
Hydro-Québec: 300 MW of Solar Energy Soon Available Through New Tenders
Hydro-Québec plans to diversify its energy sources by launching two tenders for an additional 300 MW of solar energy. This initiative supports Quebec's 2050 carbon neutrality goal.
en_1140196540
Hydro-Québec: 300 MW of Solar Energy Soon Available Through New Tenders
Hydro-Québec plans to diversify its energy sources by launching two tenders for an additional 300 MW of solar energy. This initiative supports Quebec's 2050 carbon neutrality goal.
en_1140196540

TotalEnergies ENEOS completes a 1.8 MWp floating solar project

TotalEnergies ENEOS has finalized a 1.8 MWp floating solar system for S. Kijchai Enterprise in Thailand, allowing savings of 1,125 tons of CO2 per year and strengthening their transition to clean energy.
QatarEnergy enters Iraq’s 1.25 GW solar project with TotalEnergies
QatarEnergy acquires 50% of TotalEnergies' solar project in Iraq, aiming to diversify the country’s energy sources and reduce import dependency, supporting Baghdad's ambitions for energy independence.
en_1140159540
QatarEnergy enters Iraq’s 1.25 GW solar project with TotalEnergies
QatarEnergy acquires 50% of TotalEnergies' solar project in Iraq, aiming to diversify the country’s energy sources and reduce import dependency, supporting Baghdad's ambitions for energy independence.
en_1140159540
Namibia: A 20 MW Solar Plant Without State Guarantees for an Innovative Energy Model
Solarcentury Africa and Sino Energy launch a pioneering solar project in Namibia without long-term purchase agreements, marking a significant advancement for renewable energy in Southern Africa.
en_1140163540
Namibia: A 20 MW Solar Plant Without State Guarantees for an Innovative Energy Model
Solarcentury Africa and Sino Energy launch a pioneering solar project in Namibia without long-term purchase agreements, marking a significant advancement for renewable energy in Southern Africa.
en_1140163540
Zambia: The Ilute Solar Project Will Develop a Capacity of 25 MW
The Ilute solar project, with a capacity of 25 megawatts, is part of Zambia's strategy to diversify its energy mix and strengthen resilience to climate challenges.
en_1140162540
Zambia: The Ilute Solar Project Will Develop a Capacity of 25 MW
The Ilute solar project, with a capacity of 25 megawatts, is part of Zambia's strategy to diversify its energy mix and strengthen resilience to climate challenges.
en_1140162540

BP takes full control of Lightsource bp to strengthen its position in renewable energy

BP completes acquisition of remaining shares in Lightsource bp, aiming for expansion in large-scale renewable energy with a 62 GW pipeline across 19 global markets.
AMPYR Solar Europe finalizes financing for its 96 MWp solar farm in the Netherlands
AMPYR Solar Europe announces the financial close of its 96 MWp solar project in Noordoostpolder. This solar farm will power 30,000 homes and reduce CO2 emissions by 36,000 tonnes annually.
en_1140111540
AMPYR Solar Europe finalizes financing for its 96 MWp solar farm in the Netherlands
AMPYR Solar Europe announces the financial close of its 96 MWp solar project in Noordoostpolder. This solar farm will power 30,000 homes and reduce CO2 emissions by 36,000 tonnes annually.
en_1140111540
Arctech secures a 2.3 GW solar project in Saudi Arabia, surpassing 15 GW in the MEA region
Arctech, the global leader in solar tracking and racking solutions, strengthens its position in the MEA region by supplying 2.3 GW of SkyLine II solar trackers for a major project in Saudi Arabia, in partnership with ACWA Power.
en_1140117540
Arctech secures a 2.3 GW solar project in Saudi Arabia, surpassing 15 GW in the MEA region
Arctech, the global leader in solar tracking and racking solutions, strengthens its position in the MEA region by supplying 2.3 GW of SkyLine II solar trackers for a major project in Saudi Arabia, in partnership with ACWA Power.
en_1140117540
U.S. Solar Production Soars, but Challenges Persist in Expanding Capacity and Supply Chains
Thanks to the Inflation Reduction Act and a surge in solar installations, U.S. solar production capacity has skyrocketed, but uncertainties around supply chains and costs are slowing sustainable growth.
en_1140101540
U.S. Solar Production Soars, but Challenges Persist in Expanding Capacity and Supply Chains
Thanks to the Inflation Reduction Act and a surge in solar installations, U.S. solar production capacity has skyrocketed, but uncertainties around supply chains and costs are slowing sustainable growth.
en_1140101540

Terra Firma develops a 110 MWp solar project in South Africa

Terra Firma is launching two solar power plants in South Africa, with a total capacity of 110 MWp, on the Hammanskraal and Rietfontein sites in the Gauteng region.
Tunisia: Call for Tenders for 200 MW of Solar Capacity as Part of the Energy Transition
Tunisia has launched a call for tenders for 200 MW of photovoltaic solar capacity, marking a new stage in its energy strategy.
en_114086540
Tunisia: Call for Tenders for 200 MW of Solar Capacity as Part of the Energy Transition
Tunisia has launched a call for tenders for 200 MW of photovoltaic solar capacity, marking a new stage in its energy strategy.
en_114086540
The $33 Million Solar Project in Alberta: A Strategic Alliance between Ermineskin Cree Nation and TIU Canada
The Gleichen solar project, in partnership with Ermineskin Cree Nation and TIU Canada, aims to generate 13 MW of electricity, with commissioning expected in March 2025.
en_114079540
The $33 Million Solar Project in Alberta: A Strategic Alliance between Ermineskin Cree Nation and TIU Canada
The Gleichen solar project, in partnership with Ermineskin Cree Nation and TIU Canada, aims to generate 13 MW of electricity, with commissioning expected in March 2025.
en_114079540
Soleos Energy and Melci Launch a 200 MW Solar Power Plant in DRC
Soleos Energy, in partnership with Melci, inaugurates a 200 MW solar project in Haut-Katanga, aiming to provide clean electricity to over one million residents and stimulate local economic growth.
en_1140999938540
Soleos Energy and Melci Launch a 200 MW Solar Power Plant in DRC
Soleos Energy, in partnership with Melci, inaugurates a 200 MW solar project in Haut-Katanga, aiming to provide clean electricity to over one million residents and stimulate local economic growth.
en_1140999938540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS