Octopus Energy Group gains $300m investment

Octopus Energy Group has forged a long-term strategic partnership with Canada Pension Plan Investment Board (CPP Investments). This global partnership is formed of an initial $300m equity investment from CPP Investments with an aspiration to grow the level of committed capital over time.

The deal follows a recent investment round with Generation Investment Management and increases Octopus Energy Group’s valuation to approximately $5bn.

Deborah Orida, chief sustainability officer and senior MD, global head of real assets, CPP Investments, said: “In the decades to come, some of the most rewarding long-term investment opportunities in the global economy rest among those businesses that will enable, evolve and innovate along the path to a net-zero world. As a large, long-term investor, we are well-positioned to continue our leadership in investing in the whole economy evolution required by climate change.”

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