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

Study: Economic pressures becoming driving force behind sustainable living behaviours

Study: Economic pressures becoming driving force behind sustainable living behaviours

Study finds long-term affordability and sustainability are increasingly important for consumers when buying new appliances

clock 23 January 2026 • 3 min read
Interconnectors have delivered more than £1.65bn in consumer savings since 2023

Interconnectors have delivered more than £1.65bn in consumer savings since 2023

Study details how subsea links have provided 86TWh of lower cost, cleaner, and more reliable energy imports, capable of powering 10 million British homes

Stuart Stone
clock 22 January 2026 • 3 min read
 Wind and solar generate more power than fossil fuels in Europe for first time

Wind and solar generate more power than fossil fuels in Europe for first time

New Ember analysis attributes increase in renewables to 'staggering rise' in solar power

clock 21 January 2026 • 4 min read