Octopus Energy Power Africa Fund (OEPA) begins with $60M, aiming to scale to $250M over three years.
Targets high-impact projects including rooftop solar, battery storage, EV infrastructure, and grid upgrades across Sub-Saharan Africa.
Strategic partnership with PRIM to attract green capital and unlock Africa’s renewable energy potential.
Octopus Energy Generation has launched a $60 million fund—its first dedicated to Africa—to drive transformative investment in clean energy infrastructure across Sub-Saharan Africa.
Unveiled at the Africa Energy Forum in Cape Town, the Octopus Energy Power Africa Fund (OEPA) will back scalable renewable energy projects, including rooftop solar, battery storage, electric vehicle charging infrastructure, and grid enhancements. The fund seeks to catalyse green energy growth on a continent rich in renewable resources but underserved by global capital.
“Africa is abundant with clean energy potential – enough to build the next-generation renewable powerhouse and a greener, fairer future fuelled by sunshine and wind,” said Zoisa North-Bond, CEO of Octopus Energy Generation. “By partnering with local experts, such as Pembani Remgro Infrastructure Managers, we aim to accelerate that future and create new green pathways.”
Octopus is collaborating with African investment firm Pembani Remgro Infrastructure Managers (PRIM) to develop a scalable model for green investment in emerging markets. This initiative builds on Octopus’s growing footprint in Africa, following its recent investment in MOPO—an off-grid solar battery company—and its wind farm partnership with Akuna Group in Sierra Leone.
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OEPA launches with $60 million in capital and aims to mobilise $250 million within three years by attracting “forward-thinking investors” seeking long-term impact and returns in one of the world’s fastest-growing energy markets.
“With the Octopus Energy Power Africa Fund, we’re offering a new gateway into a region where demand is soaring,” said Ashleigh Gray, Director of the Fund. “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.”
“There is a growing awareness of the opportunity presented by infrastructure investment in Africa,” added Herc van Wyk, CEO at PRIM. “We look forward to collaborating with Octopus to unlock new sources of capital for clean energy solutions in Sub-Saharan Africa.”
Although Africa holds nearly 40% of global renewable resources, it receives only 2% of clean energy investment. Octopus Energy’s move aims to change that imbalance—starting now.
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