Partnership with PRIM aims to unlock Sub-Saharan Africa’s renewable potential through scalable infrastructure investments
By Ethical Business Correspondent
Octopus Energy Generation has launched a $60 million investment fund dedicated to Sub-Saharan Africa, aiming to accelerate the continent’s clean energy transition through targeted, high-impact projects.
Unveiled at the Africa Energy Forum in Cape Town, the Octopus Energy Power Africa Fund (OEPA) marks the company’s first fund exclusively focused on Africa. It plans to scale to $250 million within three years, mobilising green capital for projects such as rooftop solar installations, battery storage systems, electric vehicle charging infrastructure, and grid upgrades.
The fund targets one of the most underserved yet promising regions for renewable energy investment. Sub-Saharan Africa holds nearly 40% of the world’s renewable energy potential but receives just 2% of global clean energy investment. Octopus says its new fund will help close that gap by offering investors access to scalable, long-term infrastructure projects that deliver both impact and returns.
“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.”
In line with that strategy, Octopus has formed a strategic partnership with African investment firm Pembani Remgro Infrastructure Managers (PRIM) to help deploy capital efficiently across the region. PRIM’s regional expertise is expected to be crucial in unlocking new sources of finance and ensuring that investments align with local needs and conditions.
“There is a growing awareness of the opportunity presented by infrastructure investment in Africa,” said Herc van Wyk, CEO of PRIM. “We look forward to collaborating with Octopus to unlock new sources of capital for clean energy solutions in Sub-Saharan Africa.”
Octopus Energy’s presence in Africa is already growing. The firm recently invested in MOPO, a company delivering off-grid solar battery solutions, and has partnered with Akuna Group on a wind energy project in Sierra Leone.
“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.”
