Octopus Energy launches landmark Africa energy fund

Octopus Energy launches landmark Africa energy fund

• Octopus’ first Africa fund aimed at turbocharging cheap, clean energy on the continent, with a target to mobilise $250m in investment
• The Octopus Energy Power Africa Fund (OEPA) opens the door for investors to support renewables projects across Sub-Saharan Africa
• Home to nearly 40% of the world’s renewables potential, Africa could become a global clean energy powerhouse

London / Cape Town, 18th June 2025 – Octopus Energy’s generation arm is taking the next big step in its global green mission, launching its first African energy fund to turbocharge investment in one of the world’s most promising renewables markets.

Launched at the Africa Energy Forum in Cape Town today, the Octopus Energy Power Africa Fund (OEPA) is designed to unlock funding that catalyses the continent’s huge clean energy potential – bringing together forward-thinking investors to power communities and businesses with affordable, homegrown, green energy.

Starting with projects across Sub-Saharan Africa, OEPA plans to invest in game-changing clean energy solutions – from rooftop solar and battery storage to electric vehicle charging infrastructure and grid upgrades.

As part of the move, Octopus Energy Generation is also working with African investment specialist Pembani Remgro Infrastructure Managers (PRIM) to create a smart, practical model that opens new doors for green investments in emerging markets.

Launching with an initial $60 million and ambitions to mobilise $250 million over the next three years, OEPA invites forward-thinking investors to join this exciting journey.

Africa’s energy market is one of the fastest-growing globally, driven by an unmatched abundance of sunshine and wind. The continent is home to around 40% of the world’s renewable resources*, yet receives just 2% of global clean energy investment**.

The launch of OEPA is the next step in Octopus’ mission to bring affordable, green energy to more people globally, and comes hot off the heels of its investment in MOPO – a solar battery innovator powering off-grid homes and businesses to accelerate clean energy access across Africa.

The fund also builds on Octopus’s partnership with Akuna Group to deliver Sierra Leone’s first-ever wind farm on Sherbro Island, bringing clean, reliable power to local homes and businesses to a region long underserved by traditional grids.

Zoisa North-Bond, CEO at Octopus Energy Generation, says: “Africa is abundant with clean energy potential – enough to build the next-generation renewable powerhouse and a greener, fairer future fuelled by sunshine and wind. By partnering with local experts, such as Pembani Remgro Infrastructure Managers, we aim to accelerate that future and create new green pathways.”

Ashleigh Gray, Director of the Octopus Energy Power Africa Fund, says: “With the Octopus Energy Power Africa Fund, we’re offering a new gateway into a region where demand is soaring. This is an incredible opportunity for forward-thinking investors to support transformative clean energy projects and grow with one of the world’s most exciting markets.”

Herc van Wyk, CEO at Pembani Remgro Infrastructure Managers says: “There is a growing awareness of the opportunity presented by infrastructure investment in Africa and we look forward to collaborating with Octopus to unlock new sources of capital for clean energy solutions in Sub-Saharan Africa.”

-ENDS-

Notes to editors:

*The International Renewable Energy Agency (IRENA) estimates that Africa is home to 39% of the world’s renewable energy potential (January 2022)

**IEA, World Energy Investment Report 2025 (June 2025)

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 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.

For more information, check out our website.