Octopus Group
The energy supplier plans to use the money to further improve its energy technology platform, Kraken
Octopus Renewables Infrastructure Trust has snapped up two ‘ready-to-build’ solar and battery storage projects
The fourth-largest energy supplier posted an operating loss of £1 million
The deal is expected to push the company’s valuation close to $5 billion
Nearly £250 million will be spent on the construction of these projects
The projects are designed to have a combined capacity of more than 71MW
The project was the company’s first investment