Octopus, PRIM Fund Africa’s Energy Push

Key Figures & Findings: Octopus Energy Generation and South Africa-based investment firm Pembani Remgro Infrastructure Managers (PRIM) have launched the Octopus Energy Power Africa (OEPA) Fund with an initial $60 million to accelerate clean energy deployment across Sub-Saharan Africa. OEPA will target rooftop solar, battery storage, grid enhancements, and EV charging infrastructure. This fund builds on Octopus’s recent investments in Africa, including its stake in solar-battery firm MOPO and its partnership with Akuna Group to deliver Sierra Leone’s first wind project.

Statistics & Insights: Octopus Energy manages 4.3 GW of renewable capacity in over 15 countries, powering 2.4 million homes annually with a portfolio worth GBP 7 billion. OEPA aims to raise USD 250 million by 2028 to expand its regional footprint.

Future Implications: If fully capitalized, OEPA could accelerate distributed energy investments across underserved African markets by 2028. It may also set a precedent for similar fund structures targeting high-impact climate infrastructure across the continent.

Source: Renewables