Octopus Energy Generation, the renewables investment arm of UK-based energy tech company Octopus Energy, has officially launched the Octopus Energy Power Africa Fund (OEPA)—a bold new initiative aimed at accelerating the clean energy transition across the African continent.
The fund, which begins with an initial capital commitment of $60 million and targets a total raise of $250 million, will focus on deploying capital into transformative clean energy infrastructure. This includes investments in rooftop solar systems, battery storage, electric vehicle (EV) charging networks, and grid modernization projects.
A Strategic Partnership for Scalable Impact
To ensure local relevance and long-term sustainability, Octopus Energy Generation is partnering with Pembani Remgro Infrastructure Managers, a South Africa-based infrastructure investment firm with deep regional expertise. Together, the two organizations aim to create a scalable investment model that unlocks new capital flows into emerging markets, particularly in sub-Saharan Africa.
This collaboration is designed to bridge the gap between global capital and local energy needs, while supporting the development of resilient, low-carbon energy systems that can power inclusive economic growth.
Leadership Perspectives on the Launch
Zoisa North-Bond, CEO of Octopus Energy Generation, emphasized the continent’s vast renewable potential:
Africa is abundant with clean energy potential—enough to build the next-generation renewable powerhouse and a greener, fairer future fueled by sunshine and wind. By partnering with local experts, such as Pembani Remgro Infrastructure Managers, we aim to accelerate that future and create new green pathways.
Ashleigh Gray, Director of the Octopus Energy Power Africa Fund, highlighted the fund’s strategic value for investors:
With the Octopus Energy Power Africa Fund, we’re offering a new gateway into a region where demand is soaring. This is an incredible opportunity for forward-thinking investors to support transformative clean energy projects and grow with one of the world’s most exciting markets.
Herc van Wyk, CEO of Pembani Remgro Infrastructure Managers, added:
There is a growing awareness of the opportunity presented by infrastructure investment in Africa, and we look forward to collaborating with Octopus to unlock new sources of capital for clean energy solutions in sub-Saharan Africa.
A New Chapter for Africa’s Energy Future
The OEPA Fund is launching at a critical time, as African nations face rising energy demand, aging infrastructure, and the urgent need to transition to sustainable power sources. By combining international investment expertise with on-the-ground knowledge, the fund aims to catalyze projects that are not only environmentally sustainable but also socially and economically transformative.
With a strong pipeline of potential investments and a clear mandate to drive impact, the Octopus Energy Power Africa Fund is poised to become a key player in shaping the continent’s clean energy future.
