Octopus Energy has launched the Octopus Asia Electrification Fund to support the development of clean energy projects across Asia. The fund aims to mobilise $600 million from institutional investors and has already secured $50 million from Japanese investors. It will invest in local clean energy developers to support the development of renewable energy projects. Under the partnership, Octopus will support Octali in developing 450 MW of solar capacity and 350 MWh of battery storage in the Philippines.
Earlier, in March 2026, Flow Power, majority owned by OPTrust, entered into a foundational offtake agreement with Octopus Australia for the Blind Creek solar farm and battery energy storage system (BESS) project in Australia. The project is located in Bungendore, New South Wales, and comprises 300 MW of solar capacity with a BESS of 243 MW/486 MWh.
In February 2026, Octopus Energy Group announced a joint venture (JV) with PCG Power to trade renewable electricity in China. The JV will operate under the name Bitong Energy and will focus on trading green electricity in China’s spot power markets, where electricity is bought and sold in real time. The JV will begin operations in Guangdong province and will expand to other regions as additional markets open.