Octopus Energy invests to increase Japan’s solar capacity

Octopus Energy invests in Yotsuya Capital to develop solar farms in Japan, accelerating its energy transition. This investment will help Japan meet its renewable energy targets.

Share:

Octopus Energy, a global renewable energy asset manager, has made its first investment in the Asian renewable energy market through its power generation subsidiary. The company has invested in Yotsuya Capital, a Tokyo-based solar developer, with the goal of accelerating Japan’s energy transition.

Yotsuya Capital and Octopus Energy join forces to boost solar farm development in Japan

The first seven-figure investment from the Sky fund will allow Yotsuya Capital to develop 250 MW of solar farms in Japan over the next five years, generating enough green energy for almost 100,000 homes and avoiding 140,000 tons of CO2 emissions.

Yotsuya Capital focuses on developing solar farms in all regions of Japan, selling the energy generated through long-term power purchase agreements with companies. Octopus Energy ‘s investment will be transformational for Yotsuya Capital and will enable it to contribute to Japan’s carbon neutrality goal while positively impacting local communities.

Japan is the world’s third largest economy with a high demand for electricity, and renewable energy currently accounts for about 20% of its electricity generation. The Japanese government aims to double this share to 38% by 2030 and achieve carbon neutrality by 2050, requiring an estimated $147 billion investment in renewable energy and storage by 2030.

Octopus Energy plans to invest and build more green energy in Asia

Octopus Energy’s investment comes as its retail business in Japan passes the 160,000 customer mark, providing 100% green electricity to households. The company aims to serve one million Japanese households by 2026.

Zoisa North-Bond, CEO of Octopus Energy Generation, sees a huge opportunity to meet Japan’s renewable energy goals and accelerate its clean energy transition. This investment in Yotsuya Capital is just the beginning of Octopus Energy’s plans to expand its team in Asia, investing and building even more green energy on the continent.

The announcement also coincides with reports that British government officials are scheduled to visit Japan this month. This is the UK’s first major visit since joining the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), which includes Japan.

GreenYellow and Meaders Feeds Ltd finalise a second 1.8 MWp solar project under the Carbon Neutral Industrial Sector Scheme aimed at decarbonising the Mauritian industrial sector.
The Lime Kiln project, developed by Chaberton Energy and Pivot Energy, will provide renewable energy to 500 homes and businesses in Maryland, while reducing greenhouse gas emissions.
MPC Energy Solutions has signed an agreement to sell its stake in the Planeta Rica solar project in Colombia. The transaction is expected to close by the end of 2025.
EDF power solutions has commissioned the Aéroparc photovoltaic plant, with a capacity of 42.2 MWp, in the Territoire de Belfort, making a significant contribution to the region's energy transition.
The overproduction of solar energy in Europe is causing a drop in captured prices, undermining the profitability of producers. In Germany, Spain, and France, capture prices are at record lows, with profound economic consequences.
Altarea Energies Renouvelables has started work on its first ground-mounted photovoltaic plant in Caudecoste, marking a new milestone in its development. The 7 MWc plant is expected to be operational by the end of 2025.
Chinese manufacturer JinkoSolar has delivered three energy storage systems totalling 21.6 MWh to the American company Distributed Energy Infrastructure, as part of the Solar Massachusetts Renewable Target (SMART) programme aimed at strengthening local solar infrastructure.
TotalEnergies ENEOS has commissioned two photovoltaic installations totalling 1.2 MWp for marine logistics group Lee Huat Yap Kee in Singapore, under two long-term power purchase agreements with no upfront investment.
TCL Solar has concluded two exclusive partnerships in Suzhou with AU Solar and Madina Solar to supply 250 megawatts of photovoltaic modules to the Pakistani market, addressing rapidly growing local energy demand.
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.