Octopus Energy stretches tentacles into Spain with Umeme acquisition

clock • 3 min read
Octopus Energy Group is set to become one of the largest renewables operations and investors in Europe | Credit: Octopus Energy
Image:

Octopus Energy Group is set to become one of the largest renewables operations and investors in Europe | Credit: Octopus Energy

UK energy firm continues international expansion with 'multi-million pound' deal for Spanish green energy start-up

Rapidly growing energy giant Octopus Energy has snapped up green energy start up Umeme, promising to inject £60m into the Spanish firm in a bid to "disrupt the market and drive customer service excellence...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Drax completes 'transformational' £548m acquisition of Bluefield Solar

Drax completes 'transformational' £548m acquisition of Bluefield Solar

Energy giant secures multi-gigawatt pipeline of new solar and wind projects, as it looks to further diversify its clean energy portfolio

James Murray
clock 31 July 2026 • 2 min read
Renewables met a record 52 per cent of UK power demand in 2025

Renewables met a record 52 per cent of UK power demand in 2025

Record output from offshore wind and solar saw the share of electricity provided by renewables jump yet again, the latest government statistics confirm

Michael Holder
clock 30 July 2026 • 4 min read
Study: Cost competitive heat networks could catalyse £100bn in private investment

Study: Cost competitive heat networks could catalyse £100bn in private investment

Closing the cost gap between heat networks and gas boilers is 'achievable and affordable', industry claims, but it requires clear government commitment

Stuart Stone
clock 28 July 2026 • 4 min read