Octopus Energy Group launches pioneering fund for clean energy investing

• Gives investors a simple, flexible route into the energy transition 
• Backed by £165m, the fund is now live for investment on major platforms
• One of the first private market funds to be awarded a SDR ‘Sustainable Focus’ label

London, 13 May 2025 – Octopus Energy Group’s fund management arm, Octopus Energy Generation, has launched a landmark fund, giving pension schemes and private wealth investors* a simple and flexible way to invest in the global energy transition. 

The CG Octopus Energy Sustainable Growth Fund I (‘Astris’)** provides access to more than 50 renewable energy projects in 15 countries, including wind, solar and large-scale battery projects.

Astris launched with a £165 million (€194 million) cornerstone investment and is now open to private wealth investors and pension schemes through major investment platforms. 

Unlike most traditional private market funds, Astris gives investors monthly access to the fund alongside some of the world’s largest and most respected institutional investors.

With Astris, investors can more easily back the technologies driving net zero without compromising on financial returns. Awarded the FCA’s new ‘Sustainable Focus’ label, the fund meets the highest standards for green investing.

Octopus already manages £7 billion of green energy projects, powers over 2.4 million homes a year and plans to unleash £20 billion (€23 billion) by 2030. 

Matt Setchell, Co-Head of Octopus Energy Generation, said: “For too long, pension schemes and private wealth have had limited investment opportunities in private markets due to a lack of innovative solutions. The launch of this fund changes that. 

“It’s been built from the ground up to remove the structural barriers for investors wishing to participate in the $275 trillion generational investment opportunity*** to fund the energy transition and invest alongside professional investors and institutional funds from around the world. Day one investors will own a globally diverse portfolio of renewable projects and companies – delivering genuine impact with no compromise on financial returns. 

“At Octopus, we’re always looking for new ways to give investors the chance to actively invest in the shift to clean, green energy and we couldn’t be prouder to be at the leading the charge with transformational funds like Astris.”

Jeremy Soutter, Managing Director at Carne Group, responsible for overseeing the fund’s governance, commented: “Carne is delighted to be acting as independent authorised corporate director on Octopus Energy’s new Sustainable Growth Fund. 

“At a time of heightened attention on the UK’s role within the global green transition and investment in the productive assets at the forefront of this change, the fund is an important enabler of private wealth and pension fund exposure both to private infrastructure as an asset class and to the energy transition as an investment opportunity. 

“As the partner of choice for bringing innovative private markets products to market, we believe our partnership with Octopus exemplifies the benefits of collaboration in facilitating this innovation and delivering best-in-class fund management processes for end investors.” 

-ENDS-

Notes to editors:

*The fund is suitable for defined contribution pension schemes and private wealth investors.

**Astris is a UK-regulated Non-UCITS Retail Scheme Fund of Alternative Investment Funds (NURS FAIF), designed to offer access to private market renewable energy assets with greater flexibility than traditional closed-end fund structures. Carne will serve as the fund’s Authorised Corporate Director (ACD) and, as such, oversee its operations and governance.

*** According to McKinsey & Company’s ‘The Net Zero Transition” report achieving net-zero emissions globally by 2050 will require an estimated $275 trillion in cumulative capital spending on physical assets, January 2022

Press Contacts

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 3.7 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 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.

For more information, check out our website.

About Carne Group

Carne Group takes care of the people who take care of money. Founded in 2004, today Carne is Europe’s largest independent third-party management company. We support asset managers through every element of a fund’s governance lifecycle. Backed by digital capabilities and infrastructure built over two decades, our dedicated and talented team of experts provides peace of mind to our clients and their investors – simplifying and strengthening the ways their funds operate.

We partner with around 650 clients, from boutique firms to the majority of the world’s 20 largest fund managers – supporting funds distributed in over 160 countries and overseeing more than $2 trillion in assets under management. Carne employs more than 600 employees across eight locations globally.

https://www.carnegroup.com/