Octopus Energy Generation adds 100 rooftop solar projects on French farms to portfolio

Octopus Energy’s generation arm has acquired Sungen 10 from ELECO, adding 100 rooftop solar projects on French farms to its portfolio. The new investment will save French farmers millions of euros.

Octopus also will work with ELECO and local partners to build up to 100 megawatts of new rooftop solar projects at hundreds of French farms by 2030.

This investment was made on behalf of Octopus Energy’s Sky fund (ORI SCSp), representing the latest in a string of rooftop solar deals Octopus has made around Europe, including in Portugal, Ireland and the United Kingdom. The deal marks the next step in Octopus’ plans to channel €1 billion ($1.1 billion) into France’s clean-energy market by 2025.

France now has about 20 gigawatts of solar capacity, with plans to grow that further.

“This is a win-win for farmers and Octopus Energy,” said Alex Brierley, co-head of Octopus Energy Generation. “Putting the roofs of farm buildings to work by installing so