Octopus Energy’s generation arm is taking a stake in Yotsuya Capital, a solar developer in Japan, marking the company’s first step into the Asian renewables generation market.

The initial seven figure investment, which was made on behalf of the Sky fund which is managed by Octopus Energy Generation, will enable Yotsuya Capital to develop 250MW of new solar farms in Japan in the next five years.

Yotsuya Capital is a renewable energy developer with a core focus on solar energy, based in Tokyo. It is looking to develop solar farms in all regions of Japan, on sites where solar can add value to surrounding areas. Yotsuya plans to sell the energy generated in the form of long-term corporate Power Purchase Agreements (PPAs).

Octopus Energy Group first entered Japan’s energy market in December 2020, launching a joint venture with Japan’s leading energy company Tokyo Gas. The newly formed energy retailer provides 100 per cent green electricity to households and recently crossed the 160,000 customer mark.

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