Octopus Energy Generation propels to £8.5bn in renewables assets after a year of rapid green growth
Its fund management team operates 5.7 GW green energy projects in 21 markets
Deployed £930m into clean energy projects worldwide in the past 6 months alone
Significant growth of flagship Sky fund approaching £3bn of capital committed
Mandate to manage Renewable Power Capital’s 1 GW Europe-wide portfolio
London, 18th June 2026 – Octopus Energy Generation, one of Europe’s largest specialist renewables investors, has accelerated to £8.5 billion in assets under management, marking another major milestone in Octopus’ rapid green growth.
Its fund management team - which helps grow pension savers’ money - now manages a 5.7 GW green energy portfolio, with more than 400 sites across 21 countries. Spanning solar, onshore and offshore wind, and battery storage, these projects generate enough clean energy to power more than 2.8 million homes every year.
The announcement follows Octopus Energy Generation’s appointment as investment manager for Renewable Power Capital’s (RPC) European green energy portfolio. Octopus now manages RPC’s 1 GW of operational and construction-stage assets, alongside a multi-gigawatt pipeline of projects in development across Europe.
This caps off a whirlwind year of global expansion for Octopus, from major investments in US clean tech to solar development in Asia and wind farm acquisitions across Europe. The team completed 40% more clean energy deals over the past year than the previous year, with £930m deployed in the last six months alone.
Since joining Octopus Energy in 2021, Octopus Energy Generation has almost tripled the renewable assets it manages. It also added 9 institutional fund mandates, working with pension schemes, insurers and private wealth investors across the UK, Europe and Asia to back the energy transition, creating a greener, more affordable energy system for everyone.
Its growing suite of investment products includes the Octopus Energy Development Partnership (OEDP), Octopus Energy Transition Fund (OETF), CG Octopus Energy Sustainable Growth Fund I, while its flagship evergreen Sky fund (ORI SCSp) is approaching £3bn of committed capital.
Alex Brierley, Co-head of Octopus Energy Generation’s fund management team, said: "Surpassing £8 billion in assets under management is a major milestone for us. It is testament to our track record over the past 15 years where we’ve been entrusted by institutional investors to unlock opportunities across the energy transition.
“As a specialist fund manager part of Octopus Energy Generation, we see first-hand how electrification is transforming energy systems for consumers around the world. Investors are increasingly looking for simple, scalable ways to support this shift - and we’re focused on making that possible.
“We're helping connect capital with the infrastructure needed to deliver a cleaner, more secure and affordable energy system for everyone. We’ve grown rapidly in the past year, and with significant opportunities ahead – there’s much more to come."
ENDS
Notes to the Editors:
Press Contact:
Amy Boekstein
press@octoenergy.com
020 4530 8369
About Octopus Energy Generation
Octopus Energy Generation is driving the renewable energy agenda and building green power for the future. It is reshaping the market by leading the transition to a cleaner, greener future through renewable projects connected more deeply to customers and businesses. As one of Europe’s largest specialist renewables investors, it manages 5.7 GW of green energy projects like wind and solar farms in 21 countries, worth £8.5bn ($11.4bn/ €9.8bn). These generate enough green power for 2.84 million homes every year.
Octopus comes up with innovative tech-enabled products to change ingrained thinking about energy, positively influence the net zero economy, deliver cheaper energy for customers and make it easier for everyone to be a part in the energy transition. This includes innovations like ‘The Collective’ – the UK’s first FCA-regulated investment platform launched by an energy supplier. It allows people to invest directly in renewable energy projects', like wind turbines or solar farms, from £25. The first two projects’ available shares sold out within 6 days, showing strong appetite for a new way to take part in the clean energy transition.
About Octopus Energy
Octopus Energy is a global clean energy and technology business, driving the affordable, green energy system of the future. Under its own retail brand, Octopus delivers world-class customer service and cutting-edge energy products to 11 million households globally.
The company is driving the electrification of heat and transport through smart tariffs and innovative clean tech, with operations spanning 27 countries and the entire energy value chain. It operates a £8 billion renewables portfolio as well as thriving EV leasing, heat pump, and solar businesses.
Backed by pension funds, investors and energy giants, Octopus Energy Group businesses deliver cheaper, greener energy and cutting-edge tech to countries and customers worldwide.