Building the world’s leading renewable energy business
Octopus Renewables and Octopus Energy are joining forces to create a truly differentiated renewables fund management business that will deliver better investment performance for our customers.
Since entering the renewables market in 2010, Octopus Renewables has grown to become the largest investor of solar power in Europe, as well as growing to become a leading investor in onshore wind. We currently manage a global portfolio of renewable energy assets valued at more than £3 billion.
This has created a portfolio of clean energy assets with a combined capacity of 2.8 Gigawatts, and last year we generated enough energy to power Greater Manchester.
Our portfolio in numbers
GW of total portfolio capacity. This is equivalent to 5,042 GWh at maximum capacity
equivalent UK homes will be powered annually once fully constructed
tonnes of carbon avoided per year1
trees required to absorb carbon avoided by our portfolio in a year
Portfolio data based on calculated assumptions over twelve months as at December 2020. The total Portfolio includes the production potential of both our operational and construction assets over a 12 month period.
1The carbon avoided was calculated using the International Financial Institution’s approach for harmonised greenhouse gas accounting. References for carbon equivalent calculations are available on request.
Homes powered by renewable energy
Additionally, our Reserve Power Assets generated enough energy to power a further 96,837 homes.
Homes powered based on Ofgem forecasted average household consumption based on Asset location at 30 April 2020; portfolio generation based on historic 12 month period ending 31st December 2020.