Octopus Energy joins global campaign to scale up renewables across Africa

• Octopus Energy Generation has joined the EU, South Africa and Global Citizen’s Scaling Up Renewables in Africa campaign – a landmark partnership between Governments and the private sector that has mobilised $17.8 billion (€15.5bn) to accelerate renewable energy deployment across the continent
• Through its Power Africa Initiative, Octopus’s contribution to the campaign will unlock up to $450 million in clean energy investment – from generation to transmission and digital infrastructure, connecting power with people and businesses
• Octopus’s contribution will enable projects expected to power 1.1 million people across Sub-Saharan Africa, providing a significant contribution to the overall campaign's commitment to expand electricity access to over 17.5 million homes

London / Johannesburg, 25 November 2025 – Octopus Energy Generation has joined the European Commission, the Republic of South Africa and Global Citizen’s Scaling Up Renewables in Africa campaign, which announced that it had raised $17.8 billion (€15.5bn) in public and private sector contributions during the G20 Leaders’ Summit in Johannesburg.

Octopus is the only British business contributing to the global campaign, leveraging its Power Africa Initiative to catalyse $450 million. In addition to new solar and wind generation, the Power Africa Initiative will focus on a range of clean-energy investments, including grids, distributed assets and technologies that connect generation with people and businesses fuelling growth.

The Scaling Up Renewables in Africa campaign marks the largest coordinated effort ever to expand renewable energy and grid infrastructure across Africa – uniting governments, investors, and businesses to unlock the continent's extraordinary clean energy potential.

Octopus Energy’s commitment builds on its recent investment in solar battery pioneer MOPO, powering off-grid homes and businesses with portable, solar-powered batteries and bringing reliable electricity to underserved African communities difficult to connect to the grid.

In partnership with the Akuna Group, Octopus Energy Generation is also building Sierra Leone’s first-ever wind farm on Sherbro Island to drive economic growth and success.

Zoisa North-Bond, CEO of Octopus Energy Generation, said: “Africa’s renewables story goes beyond energy access – it’s also about investing smartly to unleash prosperity. With 60% of the world’s solar potential, Africa sees only 2% of global renewables investment.

“We're changing this: unlocking up to $450 million through our Power Africa Initiative to power 1.1 million people and helping to convert the continent's abundant clean energy potential into shared economic prosperity."

Michael Sheldrick, Co-Founder and Chief Policy, Impact & Government Affairs Officer at Global Citizen, said: “Despite extremely difficult geopolitical conditions, the Scaling Up Renewables in Africa campaign has shown that international cooperation remains possible when countries take responsibility. This partnership demonstrates how governments, business and civil society can work together to accelerate renewable energy – from generation to grids and technology.”

-ENDS-

Press Contact

Octopus Energy Group

Christina Hofmann

press@octoenergy.com

+44 (0)20 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 4.3 GW of green energy projects like wind and solar farms in over 15 countries, worth £7bn ($9bn/ €8.5bn). These generate enough green power for 2.4 million homes every year - the equivalent of taking over 1 million petrol cars off the road.

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.

For more information, check out our website.

About Octopus Energy Group

Octopus Energy is a global clean energy tech 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 over 9 million households globally. Its operations span 32 countries and the entire energy value chain. The group invests in, builds and flexibly manages renewable energy, operating a £7 billion portfolio of projects.

Octopus has licensed its advanced data and machine learning platform, Kraken, to support over 60 million customer accounts worldwide through licensing deals with companies such as EDF, E.ON and Origin Energy. Kraken enables Octopus to drive the electrification of heat and transport through smart tariffs and innovative cleantech. 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.