Octopus Energy Generation has made an initial “seven-figure investment” to help Yotsuya Capital develop 250MW of new solar farms in Japan in the next five years.
Octopus Energy said the deal represents the firm’s first step into the Asian renewables market, adding that it already has further projects in the pipeline in Japan and across the continent. The company entered Japan’s energy market in December 2020 through a partnership with Japanese utility Tokyo Gas to provide green electricity to households.
There’s a huge opportunity to help meet Japan’s renewables targets and accelerate its clean energy transition.
This investment in fast-growing solar developer Yotsuya is the first step into Asian renewables and it’s only the beginning.
This decision to invest in renewable energy power development is the next logical step on Octopus’ path to increasing its footprint in Japan, and a meaningful step to accelerate the green energy revolution across the region.