- This partnership will mark Octopus’ first move into renewables in Africa.
- The collaboration will help accelerate Sierra Leone’s monumental renewables opportunity and collect vital data to foster greater investment in green energy.
Britain’s Octopus Energy said its generation arm has partnered with Sherbro Alliance Partners (SAP) to build Sierra Leone’s first wind farm in 2024. Octopus’s green energy projects, worth $7.5 billion, are in 15 countries in Europe, Asia, and Australia. This partnership marks Octopus’ first move into renewables in Africa.
Also, the agreement will allow Octopus and SAP to open offices in the West African country. In a statement, the firm stated, “The collaboration and project will help accelerate the country’s monumental renewables opportunity and collect vital data to foster greater investment into green energy on Sherbro Island, across Sierra Leone and beyond.” Up to five wind turbines and solar panels with batteries will generate clean electricity for local communities.
Meanwhile, around 28% of Sierra Leone’s population has access to electricity. The country targets 85% renewable electricity capacity by 2030. Octopus Energy Generation plans to invest $20 billion in offshore wind globally by 2030, aiming to boost energy security and reduce dependence on fossil fuels. Octopus has invested in offshore wind farms in Britain, the Netherlands and Germany and developers of new offshore wind projects in countries such as Norway, Sweden and South Korea.