The investment was announced at the Government’s UK-Spain Trade and Investment Roundtable earlier this month and is being made through Octopus Energy Generation’s £2 billion ‘Sky’ fund (ORI SCSp). The company recently invested in Barcelona-based energy advisory firm OneSolar, which aims to help businesses build and run solar and battery projects more efficiently.
Since entering Spain three years ago, Octopus has rapidly grown its retail business, becoming the country’s fastest-growing energy disruptor with over 350,000 customers. The company is on track to reach one million customers by 2027, even outpacing its early growth in the UK while delivering smarter, cheaper, and greener energy solutions for households and businesses across the country.
Building on its huge success in the UK, Octopus is transforming homes across Spain with its smart EV charging tariff, Intelligent Octopus Go, and more than 7,000 solar panel and EV charger installations.
“Spain’s appetite for the energy transition is truly remarkable” said Zoisa North-Bond, CEO of Octopus Energy Generation. “Following closely in the footsteps of the market disruption we led in the UK, Octopus Spain is unlocking the full potential of the country’s abundant clean energy – from cutting-edge battery storage and solar farms to cheaper electricity for households and businesses. Every project we deliver adds more green power to the system and brings smarter, more sustainable energy solutions to communities across Spain. And it’s been incredible to see the progress we’ve already helped achieve.”
These investments are the latest additions to Octopus Energy Generation’s growing portfolio in Europe, already managing more than 4.9 GW of clean energy projects globally and comes as the business expands at record speed.
For additional information:
