Octopus Energy Generation has acquired OX2, a French agriPV developer, through its Sky fund. This is the company’s first investment in a French developer, but not its first entry into the French market. In July 2024, Octopus Energy acquired a portfolio of rooftop solar PV from French solar producer Eleco, with the goal of building up to 100MW of new rooftop PV in France by 2030. OX2, which was recently acquired by EQT Infrastructure IV, aims to transition from a project developer to an independent power producer (IPP) that develops and owns projects. With this acquisition, Octopus Energy now has a pipeline of 21 projects in France, primarily agriPV, with a combined capacity of 450MW. The expansion into France is part of the company’s goal to scale renewable energy across Europe.
UK energy company Octopus acquires French agricultural photovoltaic specialist OX2, expanding its renewable energy portfolio.
