Renewables energy group Octopus Energy has announced plans to invest £2 billion into UK clean energy projects by the year 2030.
If you are investment planning in Cheshire, Octopus are launching a new 12MW battery in the county, which is anticipated to store enough power to keep 10,000 homes running per day.
The announcement came as the energy group put the finishing touches on an agreement to four new solar farms, which are being developed by German renewables company BayWa r.e. across England. They will be located in Essex, Bristol, Wiltshire and East Riding of Yorkshire.
Cumulatively, the solar projects will have a combined capacity of 222MW, which will be enough power to supply 80,000 homes.
As a measure of their green impact, it is estimated the output should save annual carbon emissions equivalent to those emitted by 35,000 fossil-fuel vehicles.
Work on three of the solar farms is likely to start later this year, while the fourth will be constructed in 2025. All four farms are planned to be fully operational by 2026. Octopus Energy’s UK portfolio now comprises three battery projects, three offshore wind farms, 16 onshore wind farms, 138 solar farms and thousands of solar rooftop projects.
The company also recently acquired solar and storage developer Exagen, and is submitting several applications for new wind turbines.
The government has committed to trebling solar capacity by 2030 and has set up a new publicly owned energy investment company, Great British Energy, to help them achieve this goal.
