From sun to socket: Octopus Energy supercharges over 2 GW of German solar and storage with latest investment

• Deal to see 2 GW of renewables developed, enough to power 500,000 homes
• Marks Octopus’s 9th investment in Germany in under 3 years
• Supports Octopus’s contribution to Germany’s 2030 renewable energy goals

London / Munich, 7 May 2025 – Octopus Energy Generation, the renewables arm of Octopus Energy Group, is accelerating Germany’s energy transition with the acquisition of a leading green energy developer boasting a 2 gigawatt (GW) pipeline of renewables projects.

Based in Hamburg, MN projects GmbH is developing over 70 renewable energy sites across Germany. The multi-gigawatt portfolio includes solar farms and battery storage projects, with the first ready to build and more set to reach that stage this year and beyond.

Once up and running, these projects can deliver enough solar energy to power 500,000 German homes – around every household in Frankfurt – and unlock battery storage capacity for an additional 150,000 homes.

MN is supercharging Germany’s ‘Energiewende’ by bringing green energy to coal-heavy regions like Saxony and Lower Saxony, supporting the country’s ambitious target of 80% renewable electricity by 2030**.

The deal was made through the Octopus Energy Development Partnership (OEDP), a fund that invests in clean energy across Europe to replace costly and polluting fossil fuels.

This marks Octopus’ ninth investment in Germany in less than three years, bringing it closer to its €1 billion investment goal by 2027.

It follows last year’s investment in Lintas Green Energy – a developer building 1 GW of new wind and solar farms across Germany by 2030. That’s alongside the 300 MW of solar, onshore and offshore wind projects Octopus already manages in the country.

In addition to expanding its generation portfolio, Octopus Energy Group is rapidly scaling its energy supply business in Germany, now supplying over 800,000 customers – a 100% increase compared to this time last year.

Octopus is also expanding its pioneering ‘Fan Club’ model, which slashes energy bills for people living near wind farms. With two sites live and more coming, this initiative is bringing affordable, locally generated green power to more households across Germany.

Zoisa North-Bond, CEO of Octopus Energy Generation, said: “Solar is now the fastest-growing sector in Germany’s renewables mix. And with Germany racing towards 80% renewable electricity by 2030, investments like this are essential to meet this goal.

By partnering with MN projects GmbH, we’re accelerating the shift from fossil fuels to solar energy and battery storage. These solutions will power German homes sustainably for years whilst helping to balance the grid, driving a greener future for the country and beyond."

Joachim Müller, Co-Founder of MN projects GmbH, commented: “This step is an important milestone for MN projects and positive news for our partners, as we can now further accelerate our growth and the successful realisation of our projects.”

Bernd Neitzel, Co-Founder of MN projects GmbH, said: “Octopus Energy Generation is an excellent fit with our ambitions. We look forward to working with Octopus' experienced team to develop large-scale solar projects and BESS projects that will make a direct contribution to security of supply and decarbonisation.”

-ENDS-

Notes to editors:

*German Renewable Energy Sources Act (EEG), May 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 and deliver cheaper energy for customers. This includes the ‘Fan Club’, a world-first tariff providing discounted energy to people living near wind turbines when it's windy, which has seen 36,000+ requests for local wind turbines, and Winder (Tinder for Wind), Octopus’ tech platform to speed up new turbines development driven by community demand.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