Octopus Energy acquires British solar developer
Octopus Energy Group has announced the acquisition of Zestec Renewable Energy in order to install inexpensive solar panels on the rooftops of British businesses, hence reducing energy costs.
Zestec is installing approximately 160 MW of new UK solar energy to sell to organizations hosting solar panels through power purchase agreements (PPA). SMEs, public sector organizations like schools and local councils, and large corporations can profit from self-generated green power without paying for solar system installation.
By 2027, Octopus Energy Generation will support approximately 100 projects from 100 kW to 7 MW. The amount of renewable energy produced is equivalent to removing 40,000 gasoline-powered vehicles from the road, hence reducing gas use and pollution.
Country updates
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December 02, 2022
Sonnedix invests in 300 MW UK solar projects
Sonnedix has acquired five solar photovoltaic (PV) projects in the UK with a total capacity of 300 MW from Lightsource bp. During the first year of operation, the projects located in various location...
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November 30, 2022
Boom Power secured planning approval for 50 MW Kenley Solar Farm in East Yorkshire
Boom Power has closed the planning approval for the development of the 49.9 MW solar photovoltaic project that will be constructed on about 94 ha of land in Hull, East Yorkshire, UK. Named 'Ken...
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November 29, 2022
Engie invests in 50 MW Scottish battery storage project
Intelligent Land Investors (ILI) Group, Abbey Group, and YOO Energy have announced the sale of a 50 MW battery storage project in Scotland to Engie. The South Lanarkshire Council planning committee c...
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November 28, 2022
RES Group submits planning application for 126 MW wind project in Dumfries and Galloway
Renewable Energy Systems (RES Group) has submitted an application for the development of the 126 MW Bloch wind project in Langholm, Dumfries, and Galloway, southern Scotland, the UK. Following...
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November 23, 2022
Harmony Energy commissions 98 MW energy storage project in East Yorkshire
Harmony Energy has commissioned the 98 MW Pillswood energy storage project in East Yorkshire, UK. Using a Tesla 2-hour Megapack system, the system is able to store up to 196 MWh of electricity in a s...
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