Octopus Energy unveils $250M clean power push in Africa

The OEPA fund by Octopus Energy and PRIM has launched $60 million to back clean energy in Sub-Saharan Africa, aiming for $250 million over three years.

By Prudhvi Rani 19 Jun 2025 in Market Bytes EMEA Bytes

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2025-06-19-Octopus-pr — Octopus Energy Power Africa Fund has targeted rooftop solar, battery storage, and EV charging in Sub-Saharan regions. Image Source: Octopus Energy

Octopus Energy, a UK-based energy tech company, has started the Octopus Energy Power Africa Fund (OEPA) at the Africa Energy Forum in Cape Town. The fund aimed to support clean energy projects across Sub-Saharan Africa, beginning with $60 million and targeting $250 million over three years. OEPA planned to invest in rooftop solar, battery storage, EV charging, and grid upgrades. Octopus partnered with Pembani Remgro Infrastructure Managers (PRIM) to structure investments suited to emerging markets. The initiative followed Octopus’ investment in solar battery company MOPO and a partnership with Akuna Group for Sierra Leone’s first wind farm. Africa held around 40% of global renewable resources but received only 2% of global clean energy investment.

#Cape Town #MOPO #Octopus Energy #PRIM #OEPA

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