, APAC
Source: Kelly (Pexels)

Octopus Energy to invest $1.9b in APAC energy sector

Around $1.2b will be dedicated to the region’s solar and wind generation.

UK-based Octopus Energy will be investing around $1.9b (£1.5b) by 2027 to support the clean energy transition in the Asia Pacific.

In a statement, Octopus Energy said of the total investment, around $1.5b (£1.2b) will be allocated for solar and wind generation, half of which will be for the development of Japanese renewables.

READ MORE: At least $21.4t power grid investment needed by 2050: Report

The company will invest around $372.8m (£300m) to expand its tech innovation and energy retail hub in Tokyo which will create 1,000 green jobs for UK and local talent, increasing its employees by 10-fold by 2027.

It also plans to raise $497.1m (£400m) from its investors in the region in the next five years to fund wind and solar farm development in the UK.

$1 = £1.5b 

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Southeast Asia at the forefront of coal phase-out in power plants
Amidst the challenges of eliminating coal in the region’s energy mix, ASEAN Taxonomy Board paves way for sustainable financing for phase-out.
Power Utility
SMRs may deliver their climate promise too little, too late 
As these nuclear reactors are still in development, their wide deployment is unlikely, analysts say. 
How grid enhancements can ignite Malaysia's solar energy boom
Experts warn that grid enhancements will be crucial for the solar energy mix, which accounted for 18% of the country's RE.