Octopus Energy’s generation arm will invest £2bn into UK clean energy projects by 2030.

The announcement comes as Octopus acquires four new solar farms being developed by BayWa r.e. in Bristol, Essex, East Riding of Yorkshire and Wiltshire. The solar projects will have a combined capacity of 222MW, in addition to a 30MW battery located on one of the sites. Construction on three of these solar farms will start later this year and the fourth in 2025.

With these latest additions, Octopus now backs 16 onshore wind farms, three offshore wind farms, three battery projects, 138 solar farms, and thousands of rooftop solar projects in Britain.

Following the Government’s onshore wind planning reforms in England, Octopus is also submitting multiple applications for new wind turbines this year. These will join Octopus’ Fan Club scheme, which gives customers close to the turbines up to 50 per cent discounted rates.

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