The new fund, known as the Octopus Energy Power Africa Fund (OEPA), is set to finance a wide range of sustainable infrastructure projects, including rooftop solar installations, battery storage systems, electric vehicle (EV) charging networks, and modernized power grids.

The OEPA initiative begins with a starting capital of $60 million, with ambitions to scale the fund to $250 million.

This marks a significant move by the UK-based energy giant into emerging markets, where demand for clean and reliable power continues to grow.

To execute this strategy, Octopus Energy Generation is collaborating with Pembani Remgro Infrastructure Managers, a firm with local market expertise, to design a robust investment model tailored to the unique challenges and opportunities within sub-Saharan Africa.

“Africa holds immense untapped potential for renewable energy,” said Zoisa North-Bond, CEO of Octopus Energy Generation.

“With its wealth of natural resources like sun and wind, the continent could become a global leader in green power. Partnering with experts on the ground allows us to accelerate progress and build a more equitable and sustainable future.”

Ashleigh Gray, who leads the OEPA fund, emphasized the strategic importance of the region:

“We’re opening doors to a rapidly evolving market where the demand for energy solutions is soaring. It’s a prime moment for visionary investors to engage in transformative projects that offer both impact and growth.”

Herc van Wyk, CEO of Pembani Remgro Infrastructure Managers, echoed the sentiment:

“There’s a rising recognition of the investment potential in Africa’s infrastructure sector. Our partnership with Octopus aims to unlock new capital flows that support the region’s transition to clean energy.”

With this move, Octopus Energy underscores its growing international presence and reinforces its commitment to combating climate change by fostering green development in high-growth regions.