- The deal will see more than 100 solar projects built on UK businesses’ rooftops.
- Zestec Energy is developing a pipeline of more than 160MW of new UK solar energy.
Octopus Energy Group’s generation arm has announced the acquisition of UK solar developer and asset manager Zestec Renewable Energy.
The deal will see more than 100 solar projects built on UK businesses’ rooftops.
Zestec is developing a pipeline of more than 160MW of new UK solar energy, which will be sold to the organisations hosting the solar panels through power purchase agreements.
Zoisa North-Bond, Chief Executive Officer of Octopus Energy Generation, said: “There’s a significant untapped opportunity in the UK to generate more cheap green power from businesses’ rooftops.
“This fast-growing space will help bring more energy security and lower energy bills, allowing companies to reduce their carbon emissions.”