Octopus Energy Generation is launching its first African energy fund to turbocharge investment in one of the world’s most promising renewables markets.
Unveiled at the Africa Energy Forum in Cape Town, the Octopus Energy Power Africa Fund (OEPA) aims to unlock funding that catalyzes the continent’s huge clean-energy potential, bringing together investors to power communities and businesses with affordable and homegrown green energy. The fund launched with an initial $60 million, with the goal to mobilize $250 million during the next three years.
Beginning with projects across Sub-Saharan Africa, OEPA plans to invest in clean-energy solutions, ranging from rooftop solar and battery storage to electric vehicle-charging infrastructure and grid upgrades.
Africa’s energy market is one of the fastest-growing globally, driven by an abundance of sunshine and wind. The continent houses about 40 percent of the world’s renewable resources, yet receives 2 percent of
