Octopus Energy’s generation arm has made two investments to ramp up solar power development in North America. This comes just three months after entering the U.S. renewables market with the acquisition of solar farms in Ohio and Pennsylvania.
Octopus invested in Circal, which is developing solar farms in the United States and Ireland, to rapidly scale their expansion. Circal has multiple gigawatts of projects in its pipeline and is targeting the creation of 600 megawatts of new solar farms in the United States in the next five years, with a focus on Texas.
Octopus-backed solar developer Zestec also is now setting up shop in the United States to build solar panels on commercial and industrial businesses’ rooftops and land. Zestec will install solar panels at businesses such as warehouses and logistics centers at no cost, allowing them to benefit from fixed prices and savings. Zestec is targeting Texas as well as East Coast states such as Massachusetts, New York and