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

High Court rules 28 oil and gas exploration licences were lawful

High Court rules 28 oil and gas exploration licences were lawful

High Court upholds oil exploration licences granted under previous government, but says further approvals must account for ocean harm

Stuart Stone
clock 28 November 2025 • 5 min read
Watch Podcast LIVE! ESG partnerships that power the energy transition

Watch Podcast LIVE! ESG partnerships that power the energy transition

WATCH: Podcast Live! participants answer audience questions as they explore what effective, sustainable partnerships look like in practice

BusinessGreen Staff
clock 28 November 2025 • 3 min read
Everyone can benefit from smart, flexibility energy - Britain cannot afford climate denial and delay

Everyone can benefit from smart, flexibility energy - Britain cannot afford climate denial and delay

Clean energy and smart flexibility are not only popular among the public but essential for Britain's future, writes the REA's Frank Gordon

Frank Gordon, REA
clock 28 November 2025 • 3 min read