British company Octopus Energy Generation announced on April 5, 2023, that it is investing in Yotsuya Capita, a solar developer in Japan, with the aim to accelerate Japan’s energy transition.[1] Octopus Energy Generation manages over 3 GW of renewable energy assets like wind and solar farms across 13 countries, worth nearly £6 billion. The deal is the company’s first investment in the Asian renewables market, with other projects already lined up in Japan and elsewhere across the continent. The initial seven-figure investment was made on behalf of the Sky fund, which is managed by Octopus Energy Generation, and will enable Yotsuya Capital to develop 250 MW of new solar in Japan over the next five years. Yotsuya Capital plans to sell the solar energy through long-term corporate power purchase agreements (PPAs). The new solar power could generate enough green power for the equivalent of almost 100,000 homes. The move comes as Octopus Energy’s retail business in Japan reaches 160,000 customers.

[1] https://octopus.energy/press/octopus-energy-kicks-off-asian-renewables-push-with-first-japanese-solar-deal/