In a move set to power up Great Britain’s green energy future, Octopus Energy’s generation arm has announced plans to pump £2 billion ($2.6 billion) into U.K. clean-energy projects by 2030.
Octopus has sealed a deal on four new solar farms being developed by BayWa r.e. across the United Kingdom in Bristol, Essex, East Riding of Yorkshire and Wiltshire. The solar projects will have a combined capacity of 222 megawatts, in addition to a 30-megawatt battery located on one of the sites.
Construction on three of these solar farms will start later this year and on the fourth site in fourth quarter 2025. Due to be operational between 2025 and 2026, the farms will produce power for 80,000 homes, slashing emissions equivalent to removing 35,000 fossil-fuel cars from the road every year.
This comes as the U.K. government is targeting to triple solar capacity by 2030.
“The U.K. is on the verge of a green energy revolution,” said Zoisa North-Bond, CEO of Oct