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Harvesting Sunshine: Octopus Energy rolls out innovative solar investment on French farms. - French farmers to save millions through use of large new solar sheds for storage on their land. - Octopus invests in 100 rooftop solar projects on farms, with plans to build hundreds more. - Next step in Octopus’ target to invest €1bn into France’s green energy market to accelerate France’s renewables roll-out. London, 24 July 2024 – Octopus Energy’s generation arm announces a new solar investment that will save French farmers millions of euros, as it rapidly ramps up its green energy activity in the country. Octopus has added 100 rooftop solar projects on French farms to its portfolio through its acquisition of Sungen 10 from ELECO. Octopus will work with ELECO and local partners to build up to 100MW new rooftop solar projects at hundreds of French farms by 2030. The partners will build large sheds with solar panels on the rooftops on farmers’ land. Farmers benefit from using the new buildings for free to store equipment, vehicles and hay, saving tens of thousands of euros they’d have each spent building the structures themselves. It’s the latest in a string of rooftop solar deals Octopus has made around Europe, including in Portugal, Ireland and the UK. This investment, made on behalf of the Sky fund (ORI SCSp) it manages, underscores the global energy tech firm’s commitment to supercharging France’s renewable energy capacity. France has around 20GW of solar capacity, with plans to boost it further. The deal marks the next step in Octopus’ plans to channel €1bn into France’s clean energy market by 2025 - its largest green generation market on continental Europe. Octopus now manages 13 onshore wind farms and 14 solar farms as well as rooftop solar projects across the country, with more deals in the pipeline. Earlier this year it also invested in Ocergy, a tech disruptor in the floating offshore wind sector, with operations in France. This comes as Octopus Energy Group continues to drive innovation in France. Last year it launched a new European tech hub in Paris with its tech platform Kraken to support hundreds of clean energy jobs. Its French energy supplier is targeting 1 million customers by 2026, offering stellar customer service and innovative services to slash energy bills. Alex Brierley, Co-head of Octopus Energy Generation, said: “This is a win-win for farmers and Octopus Energy. Putting the roofs of farm buildings to work by installing solar panels means farmers get a free structure to store equipment and we can generate more clean power quickly and easily. Solar power is consistently one of the cheapest sources of energy we can build. These innovative small-scale projects distributed around the country shine a light on the future of renewable generation.” -ENDS- Notes to editors: Press Contacts Octopus Energy Group Amy Boekstein PR Manager press@octoenergy.com +44 (0)20 4530 8369 About Octopus Energy Generation Octopus Energy Generation is driving the renewable energy agenda and building green power for the future. It is reshaping the market by leading the transition to a cleaner, greener future through renewable projects connected more deeply to customers and businesses. As one of Europe’s largest specialist renewables investors, it manages 3.7 GW of green energy projects like wind and solar farms in over 15 countries, worth £7bn ($9bn). These generate enough green power for 2.3 million homes every year - the equivalent of taking over 1 million petrol cars off the road. Octopus comes up with innovative tech-enabled products to change ingrained thinking about energy, positively influence the net zero economy and deliver cheaper energy for customers. This includes the ‘Fan Club’, a world-first tariff providing discounted energy to people living near wind turbines when it's windy, which has seen 25,000+ requests for local wind turbines, and Winder (Tinder for Wind), Octopus’ tech platform to speed up new turbines development driven by community demand. For more information, check out our website. About Octopus Energy Group Octopus Energy is a global clean energy tech business, driving the affordable, green energy system of the future. Under its own retail brand, Octopus delivers world-class customer service and cutting edge energy products to 7.9 million households globally. Its operations span 18 countries and the entire energy value chain. The group invests in, builds and flexibly manages renewable energy, operating a £7 billion portfolio of projects. Octopus has licensed its advanced data and machine learning platform, Kraken, to support over 54 million customer accounts worldwide through licensing deals with companies such as EDF, E.ON and Origin Energy. Kraken enables Octopus to drive the electrification of heat and transport through smart tariffs and innovative cleantech. Backed by pension funds, investors and energy giants, Octopus Energy Group businesses deliver cheaper, greener energy and cutting-edge tech to countries and customers worldwide. For more information, check out our website About ELECO ELECO is a solar electricity producer since 2009, specialized in large PV rooftops or sheds. It operates 450 PV plants in France. For more information, check out www.eleco.fr

2024-07-24

Harvesting Sunshine: Octopus Energy rolls out innovative solar investment on French farms

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ELECO Lance Sungen 10, un programme de construction et d'exploitation de 100 hangars agricoles photovoltaïques, pour une puissance totale de 10 MWc.

2023-05-31

Lancement du programme Sungen 10

ELECO Lance Sungen 10, un programme de construction et d'exploitation de 100 hangars agricoles photovoltaïques.

ELECO Lance Sungen 6, un programme de construction et d'exploitation de 50 hangars agricoles photovoltaïques, pour une puissance totale de 5 MWc.

2022-04-04

Lancement du programme Sungen 6

ELECO Lance Sungen 6, un programme de construction et d'exploitation de 50 hangars agricoles photovoltaïques.

ELECO Lance Sungen 5, un programme de construction et d'exploitation de 60 hangars agricoles photovoltaïques, pour une puissance totale de 6 MWc.

2021-07-12

Lancement du programme Sungen 5

ELECO Lance Sungen 5, un programme de construction et d'exploitation de 60 hangars agricoles photovoltaïques.

ELECO Lance Sungen 4, un programme de construction et d'exploitation de 50 hangars agricoles photovoltaïques, pour une puissance totale de 5 MWc.

2020-03-29

Lancement du programme Sungen 4

ELECO Lance Sungen 4, un programme de construction et d'exploitation de 50 hangars agricoles photovoltaïques.

ELECO Lance Sungen 3, un programme de construction et d'exploitation de 50 hangars agricoles photovoltaïques, pour une puissance totale de 5 MWc.

2019-03-19

Lancement du programme Sungen 3

ELECO Lance Sungen 3, un programme de construction et d'exploitation de 50 hangars agricoles photovoltaïques.

ELECO Lance Sungen 2, un programme de construction et d'exploitation de 14 hangars agricoles photovoltaïques, pour une puissance totale de 1,4 MWc.

2017-11-01

Lancement du programme Sungen 2

ELECO Lance Sungen 2, un programme de construction et d'exploitation de 14 hangars agricoles photovoltaïques.

ELECO Lance Sungen 1, un programme de construction et d'exploitation de 14 hangars agricoles photovoltaïques, pour une puissance totale de 1,4 MWc.

2017-11-01

Lancement du programme Sungen 1

ELECO Lance Sungen 1, un programme de construction et d'exploitation de 14 hangars agricoles photovoltaïques.

ELECO arrange le refinancement du portefeuille de toitures photovoltaïques françaises d'Octopus Renewables, La valeur totale de l'opération s'élève à 60 millions d'euros et est structurée sous la forme d'un prêt entièrement amorti sur 14 ans. Le nouveau financement a été fourni par deux banques - Bpifrance et Crédit Coopératif - qui ont agi en tant qu'arrangeurs principaux mandatés. Le portefeuille est composé de 66 centrales solaires sur toiture situées dans le sud et le centre de la France. Eleco Capital et Linklaters ont conseillé Octopus, tandis que WFW, Mazars et Willis ont conseillé les prêteurs. Matt Setchell, responsable d'Octopus Renewables, a déclaré : "Ce refinancement améliore les rendements pour nos investisseurs et renforce notre présence en France, un pays qui devrait être à la tête de la croissance des énergies renouvelables en Europe au cours des cinq prochaines années. Nous explorons les moyens de continuer à participer à la transition énergétique propre de la France." Edouard Brémond, fondateur d'Eleco, ajoute : "Nous avons été très heureux de conseiller Octopus Renewables pour la structuration et la clôture de cette transaction. C'est une preuve supplémentaire que les centrales photovoltaïques sont une classe d'actifs mature, et une opportunité de prêt intéressante pour les banques. Nous sommes impatients de continuer à travailler avec Octopus Renewables dans le cadre de l'expansion de leur portefeuille existant d'actifs français."

2017-05-25

Refinancement d'un portefeuille de toitures solaires pour 60 M€

ELECO arrange le refinancement du portefeuille de toitures photovoltaïques françaises d'Octopus Renewables, pour un montant de 60 millions d'euros.

ELECO acquiert l'activité Exploitation et Maintenance de grandes toitures photovoltaïques de Engie-Solaire Direct. Ce portefeuille se compose de 51 centrales photovoltaïques en toiture.

2017-02-15

ELECO acquiert l'activité O&M grandes toitures de Engie-Solaire Direct

ELECO acquiert l'activité Exploitation et Maintenance de grandes toitures photovoltaïques de Engie-Solaire Direct.

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