Octopus Energy Generation is making a significant leap in its global green mission by establishing the Octopus Energy Power Africa Fund (OEPA), aimed at accelerating investment in renewable energy.

The OEPA, starting with projects across Sub-Saharan Africa, intends to channel funds into transformative clean energy solutions such as rooftop solar, battery storage, electric vehicle charging infrastructure and grid upgrades.

The initiative represents a strategic move to capitalise on the continent's potential for sustainable power generation.

In collaboration with Pembani Remgro Infrastructure Managers, an African investment specialist, Octopus Energy Generation is developing a smart and practical framework that facilitates green investments within emerging markets.

With an initial commitment of $60m and aspirations to attract $250m over three years, OEPA presents an opportunity for investors seeking impactful ventures.

Octopus Energy Generation CEO Zoisa North-Bond says: “Africa is abundant with clean energy potential – enough to build the next-generation renewable powerhouse and a greener, fairer future fuelled by sunshine and wind. By partnering with local experts, such as Pembani Remgro Infrastructure Managers, we aim to accelerate that future and create new green pathways.”

Africa has nearly 40% of global renewable resources yet attracts only 2% of worldwide clean energy investment.

The launch of OEPA follows their recent finance in MOPO, innovators in solar battery technology for off-grid communities to accelerate clean energy across the region.

The fund also complements their partnership with Akuna Group on Sierra Leone's inaugural wind farm project on Sherbro Island.

The company said these initiatives underscore Octopus' dedication not just towards environmental sustainability but also towards powering regions that have historically lacked reliable access to traditional power grids.

Octopus Energy Power Africa fund director Ashleigh Gray said: “With the Octopus Energy Power Africa Fund, we’re offering a new gateway into a region where demand is soaring. This is an incredible opportunity for forward-thinking investors to support transformative clean energy projects and grow with one of the world’s most exciting markets.”

In April 2025, Octopus Energy Generation has unveiled Asian renewables plans through its solar investment and develop 20 solar farms in South Korea.

"Octopus Energy launches first African renewable energy fund" was originally created and published by Power Technology, a GlobalData owned brand.