Octopus strikes deal to produce green energy to tens of millions of Indian households
Renewable energy giant Octopus, which is racing to overhaul British Gas proprietor Centrica as Britain’s greatest energy provider, has inked a landmark deal in India.
Octopus Energy, led by CEO Greg Jackson, has signed an settlement with Indian infrastructure giant Sterlite Power, enabling Octopus to produce green energy to tens of millions of Indian households.
The plans are the primary UK-India energy alliance for the reason that two nations signed an settlement to chop carbon emissions on the local weather summit final month.
Octopus will provide green energy to tens of millions of Indian households
Octopus and Sterlite additionally plan to construct new renewable energy and storage in India, which is the world’s third-largest carbon-emitting nation.
Jackson mentioned: ‘Through this partnership we will be able to offer greener, cheaper options to consumers in both the UK and India, and help India with its goals for decarbonisation.’
Octopus Energy, which was based in 2016, is value £3.8billion, versus Centrica’s £3.9billion market worth.