Octopus Energy Generation has reached £8.5bn ($11bn) in assets under management, marking a milestone.

The fund management team now manages a 5.7GW green energy portfolio, with more than 400 sites across 21 countries, spanning solar, onshore and offshore wind, and battery storage.

The announcement follows Octopus Energy Generation’s appointment as investment manager for Renewable Power Capital’s (RPC) European green energy portfolio. Octopus now manages RPC’s 1GW of operational and construction-stage assets, alongside a multi-gigawatt pipeline of projects in development across Europe.

Since joining Octopus Energy in 2021, Octopus Energy Generation has almost tripled the renewable assets it manages. It also added nine institutional fund mandates, working with pension schemes, insurers and private wealth investors across the UK, Europe and Asia to back the energy transition, creating a greener, more affordable energy system for everyone.

Alex Brierley, co-head of Octopus Energy Generation’s fund management team, said: "Surpassing £8bn in assets under management is a major milestone for us. It is testament to our track record over the past 15 years where we’ve been entrusted by institutional investors to unlock opportunities across the energy transition.”

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