Octopus Energy reels in solar rooftop specialist

Global energy company Octopus Energy Group has bought UK solar developer and asset manager Zestec Renewable Energy to build cheap solar power on British businesses’ roofs, with the goal of driving down energy bills.

Through a fund managed by Octopus Energy Generation, over 100 projects will be built by 2027, ranging from 100 kW to 7 MW. The clean energy generated will help reduce gas reliance and emissions, and is the equivalent of taking 40,000 petrol cars off the road.

Potential environmental impact

Octopus is investing heavily in renewable energy all over Europe. As the continent reels from the ramifications of a shifting energy market and attempts are being made to lessen reliance on Russian energy, renewable alternatives are becoming more and more popular.

Zoisa North-Bond, CEO of Octopus Energy Generation, said: “There’s a significant untapped opportunity in the UK to generate more cheap green power from businesses’ rooftops. This space is fast-growing and it’ll help bring more energy security and lower energy bills, all while allowing companies to reduce their carbon emissions.”