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Texas REP Affiliate Invests In Solar Developers
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Octopus Energy’s generation arm announced two investments in solar power developers
Octopus is investing in solar farm developer Circal to "rapidly" scale Circal's expansion.
Circal is targeting the creation of 600 MW of new solar farms in the U.S. in the next five years, with a focus on Texas.
Circal, based in Ireland, described the investment from Octopus as €15 million
Additionally, solar developer Zestec, a U.K.-based developer currently backed by Octopus, is entering the U.S. with Octopus supporting the U.S. market entry
Zestec will focus on rooftop solar for C&I customers and well and land-based solar projects
Zestec is targeting Texas as well as the East Coast including Massachusetts, New York, and New Jersey
These latest investments were made on behalf of the Octopus Energy Development Partnership (OEDP) and Sky (ORI SCsp) funds it manages.
Octopus has announced a $2 billion plan for U.S. green energy
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September 27, 2024
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Copyright 2024 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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