Octopus Energy Generation, the generation arm of Octopus Energy Group, has rolled out a new energy transition fund. The Octopus Energy Transition Fund (OETF) aims to raise £500 million (US$625.2 million) from institutional investors including pension funds, insurance companies, sovereign wealth funds and endowments and offers access to investment opportunities in fast-growing sectors delivering on net zero and creating green jobs. These funds will be invested in technologies decarbonising areas of the economy dominated by polluting fossil fuels, such as heating and transport. There are currently storage, grid and low carbon transport, green hydrogen and e-fuels projects in development worldwide. Alex Brierley, co-Head of Octopus Energy Generation’s fund management team, said: “Through our newly launched Octopus Energy Transition Fund, we’re backing businesses rolling out technologies that are truly moving the needle and turbocharging the green energy translation. There’s a massive untapped opportunity to invest in fast-growing companies providing solutions to decarbonising parts of the economy still dominated by polluting fossil fuels. Octopus Energy Generation currently manages £6 billion of green assets.” The firm has also invested in three French wind farms that provide enough power for 30,000 homes. The three onshore wind farms – Croix Erable, Bertaut, and Le Langrois – have a combined capacity of 49 megawatts and takes the number of wind farms managed by the company in France to 13.
Octopus Energy Generation Launches £500 Million Transition Fund
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