ISP logo
Menu

News

placeholder

News

135 days ago

OCTOPUS ENERGY VENTURES INTO US RENEWABLES WITH FIRST INVESTMENT

Industry News

Source reNews - Octopus Energy makes first US renewables investment - Renewable Energy News - reNews

Octopus Energy, the UK's leading electricity supplier, has ventured into the US renewable energy market, marking the beginning of its $2 billion investment plan to be completed by 2030.

The company's entry into the US market includes acquiring two solar farms—one in Ohio and another in Pennsylvania—collectively capable of producing 100MW. These farms were purchased from Vesper Energy Development, a seasoned US renewable energy developer, and come with established long-term energy supply agreements.

This acquisition is part of Octopus Energy's ongoing investment surge in North American energy projects, following recent partnerships with Ocergy, a floating offshore wind technology firm, and Cultivo, a nature projects start-up.

Globally, Octopus Energy now manages a solar power portfolio of 2GW. In addition, it oversees 1.7GW of green energy projects, including onshore and offshore wind farms, across Europe, Australia, and future ventures in Asia and Africa.

The company has also introduced its advanced technology platform, Kraken, to North America. In collaboration with Tenaska in Texas, Kraken optimizes battery storage, and it has been licensed to the Canadian municipal utility Saint John Energy.

Octopus Energy's investors include Generation Investment Management, the Canada Pension Plan Investment Board (CPP Investments), and San Francisco-based Galvanize Climate Solutions.

Greg Jackson, the Founder of Octopus Energy, stated, “

“Our first US renewables investment is a major milestone for us. As we supercharge our renewables deals worldwide, we’re set to invest $2bn into the US clean tech market over the next few years. Green energy isn’t just the future, it’s the most cost-effective energy source here and now. The more we build, the faster we can power up a cheaper, greener energy system for everyone.”

 

Source - reNews

Latest Jobs

Solar

Buyer (Solar & Wind)

Milan, Italy

Our client is seeking an experienced Buyer to support the Procurement Manager in purchasing the main products and services needed for the construction of the project pipeline. The successful candidate will carry on all aspects of the procurement process throughout its life cycle and ensure the cost-effective acquisition of materials and services to meet the company’s project requirements.   Key ResponsibilitiesTeam Working collaboratively with the internal/external stakeholder to perform all procurement assigned tasks (scouting of new suppliers, tracking performance, RFQ/RFP management, offers evaluation and comparison, ESG scoring, ERP management, expediting, etc.)Conduct research via the Internet, catalogues, trade publications, and trade shows to identify potential vendors.Negotiate with suppliers either f2f or over the phone to agree prices, discounts, terms, etc.Create, maintain and review purchasing records, price lists, status of RFQ/RFP, contracts and orders, monitor vendors’ performanceFollow up and tracking of project materials optimising quality, costs, and timely delivery criteria.Draw up reports about products availability, lead times and cost roadmaps for key materials to be shared with Development, Engineering, Project Management and Construction teams.Monitor and support components repair, damage replacements, and warranty claims. Qualifications Degree in Engineering fieldsProven track record of 3+ years in renewable projects procurement;Experience in negotiating POs and Contracts with suppliers and ContractorsProven knowledge of Microsoft 365 and ERP softwareStrong communication skills, self-motivate, teamworking attitudeSelf-starter with excellent presentation skills with constant attention to details and accuracySelf-disciplined and result-orientedAvailable to travel meeting suppliers when neededProactive and self-motivated, with a strong sense of ownership and accountability. Collaborative team player with a positive attitude and strong work ethic. LanguagesItalian Mother Tongue + Fluent English is a must

Solar

Senior Electrical Engineer

Copenhagen, Denmark

LSP Renewables have partnered with a leading IPP in the European Solar PV industry to recruit a Senior Electrical Engineer in Copenhagen, Denmark, to be responsible for the electrical system design of our clients solar PV- and BESS plants and their grid connection, making sure to implement techno-economical optimal electrical design and that this design complies with legislations, standards and grid connection requirements.Our client develop, construct, and operate utility-scale solar parks across Europe, and are active across 12 countries. They have half a GW in their operating portfolio and a multi GW development pipeline. The successful candidate will be a key resource in our clients Engineering team. Key Responsibilities Design the HV, MV and LV electrical systems for PV- and BESS plants, from the inverters to the grid connection point. Dimension the HV, MV and LV AC cables and their connections between electrical equipment and cooperate with the PV Design Team for the cable trench design. Provide technical expertise to the procurement team with technical specifications for electrical equipment and evaluate offers with regards to price, quality etc. In close cooperation with EPC Project Managers, manage external suppliers, contractors, and consultants for electrical substation design, construction and commissioning: Prepare technical specifications with detailed scope definitions for procurement and ensure the substation design complies with Grid Connection Agreements and project specific local requirements. Lead technical negotiations for grid connection and electrical equipment related procurement such as high-voltage switchgear and transformers. Follow suppliers to comply with the technical aspects of their contract and the project timeline during the contract period. Provide expert knowledge for the optimization of park designs and coordinate the design work with other colleagues from the Engineering Department (PV Designers, Instrumentation & Control Engineers), as well as with EPC Project Managers. Manage external consultants during the Detailed Design phase of PV- and BESS plants, when it is chosen to outsource design packages. Assisting Commissioning Team on site with technical expertise when needed for cold and hot commissioning of electrical equipment. Requirements Minimum 3 years relevant professional experience with electrical power systems. BSc. or MSc. in Electrical- or Power System Engineering or similar. Expertise with electrical substations for transmission and distribution systems and/or grid connection of renewable energy projects such as PV, BESS or wind power plants. Sound understanding of Grid Code requirements and main electrical components such as high-voltage switchgear and transformers. Experience with technical project management and interfacing various stakeholders while keeping a high focus on quality and timeline. Proficient in English, any other European language would be an advantage

Solar

Project Development Manager

Madrid, Spain

Our client is looking for a highly qualified and motivated Photovoltaic (PV) Project Developer to lead the land acquisition team and the environmental and socio-economic aspects of the development of solar PV projects in Spain (a professional in charge of ensuring that projects comply with sustainability regulations and standards, as well as with the socio-economic criteria required by the administrations). This role is key to the success of our renewable energy initiatives, with a focus on identifying and acquiring optimal land for our projects. As a leader of the land acquisition team, you will be responsible for site identification, landowner negotiations while working closely with local communities, regulatory authorities and environmental consultants to ensure that projects meet the required legal, environmental and social standards. Responsibilities Land Acquisition: Lead the identification and evaluation of potential sites for photovoltaic projects. Managing and coordinating relations with landowners, negotiating and securing land lease agreements. Oversee due diligence on land, including review of land titles, environmental zoning analysis and urban feasibility, in collaboration with the grid connection manager. Collaborate with legal teams to draft and formalise contracts and agreements. Environmental Management: Site feasibility Coordinate, evaluation of environmental impact assessment (EIA), ensuring the environmental viability of the projects and compliance with the resolutions Working with environmental consultants to generate reports or documentation required in the permitting of projects. Socio-economic Development: Lead community engagement efforts, building positive relationships with local communities and addressing concerns related to project impacts. Develop and implement strategies to maximise the socio-economic benefits of the projects, as well as the criteria required by the administrations, in terms of job creation and local and regional economic impact, etc. Project Coordination: Work closely with internal and external teams (engineering, legal, finance and permitting) to ensure smooth progress from project development to construction. Manage timelines and deliverables related to land acquisition, environmental and socio-economic aspects of the project. Keeping up to date on regulatory changes and industry trends, adjusting strategies as necessary to ensure compliance and project competitiveness. Stakeholder Management: Engaging with local, regional and national government agencies to secure permits, licenses, and authorizations. Representing the company in public meetings, forums and consultations related to the development of the project. Maintaining positive relationships with investors, partners and other key stakeholders. Required Bachelor's or Master's degree in Renewable Energy, Environmental Science, Land Management, Urban Planning or related field. Proven experience (minimum 5 years) in land acquisition and development of large-scale solar PV or renewable energy projects in Spain. In-depth knowledge of environmental regulations and socio-economic development in the context of utility-scale renewable energy generation projects. Excellent negotiation, communication and stakeholder management skills. Ability to work with cross-functional teams and manage complex, multidimensional projects. Good level of English. Other regional languages would be an asset.

Solar

PPA Originator

Bucharest, Romania

LSP Renewables have partnered with a leading IPP in the CEE renewable energy industry to recruit a PPA Originator in Romania, to originate and structure Power Purchase Agreements (PPA's) in Romania. Our client has been operating since 2019 and have already closed investments of more than 300 MW across Austria, Bulgaria, Czech Republic, Slovakia, and Romania. As well as investing and acquiring projects, they also develop their own projects in-house. They have an impressive development pipeline (7GW+) of Onshore Wind and Solar PV assets. Key ResponsibilitiesOrigination Tasks Market Analysis and Opportunity Identification: Stay up-to-date with market trends, policy changes, and regulatory frameworks in Romanian renewable energy sector. Conduct thorough market analysis to identify and evaluate power trading opportunities aligned with our renewable energy portfolio. Origination and Structuring: Cultivate and maintain strong relationships with renewable energy project developers, power producers, and especially off-takers. Originate and negotiate power purchase agreements (PPAs), green certificates, and other renewable energy trading instruments. Collaborate with internal teams to structure deals that optimize revenue generation and risk mitigation. Propose and build different PPA structures based on aggregated profiles from different technologies. Explore the utilization of storage facilities and identify optimization and income streams. Support the trading team in incorporating trading entities in the relevant markets. Originating trading and supply business in the relevant markets Trading Execution and Risk Management: Execute power trading transactions, including spot, futures, and options contracts, with a focus on renewable energy assets. Monitor market conditions, portfolio performance, and renewable energy generation forecasts. Implement robust risk management practices to ensure compliance and minimize market, credit, and operational risks. Industry Partnership Tasks Acquisition and analysis of potentials for commercial and industrial customers Analysis of customer requirements and needs Development and maximization of customer potentials Coordinating the planning and management of the development of PV systems and the Preparation of yield analyses Creation of concepts and offer documents Presentation of offers and support of potential customers until conclusion of the contract Negotiation and conclusion of Power Purchase Agreements (PPAs) and contracting Agreements with industrial customers Submission of grid connection applications and coordination of the conclusion of grid access contracts Cooperation and coordination of external consultants and authorities Project management and execution until commissioning Requirements Experience in energy/power trading, working closely with power purchase agreements Knowledge of the renewable energy market Strong commercial acumen - ability to negotiate and structure contracts Fluent in Romanian and English

Solar

Senior Finance Accountant

Athens, Greece

Our client is seeking a Senior Financial Accountant to join their team to be the key point of contact with the local bank branch, local tax and accounting provider, tax authority and any other local party. The successful candidate will report directly to the Senior Finance Manager based in Johannesburg and work with the finance team based in London and Johannesburg where required. Key Responsibilities Managing the bookkeeping of all of our clients entities in Greece Taking care of the Monthly reporting under IFRS Taking care of the reconciliation between IFRS and Greek GAAP as per local requirements The role will work with the technical and asset management team on daily basis and be a support for the accounting and administrative matters Review tax calculations in accordance with the Tax advisor and submit to the tax office Support for the implementation of accounting system for the Oracle localization tool as per Greek regulation The individual will ideally have knowledge of the energy and renewable sector, Control of cash flow and expenditure with weekly cash flow reporting to Senior Finance Manager Data analysis and various financial query management Transaction support regarding investment reporting, due diligence and fulfilling loan conditions The individual will assist in the annual audit, preparation of financial year end accounts and statutory accounts and all finance activities related to ensuring this is done timeously and efficiently Ad hoc requests for local statutory requirements, Ad hoc requests coming from the lender, including any project finance requirements Requirements Qualified Accountant with at least 5-10 years post qualification experience Strong technical knowledge and experience in Audit and Accounts preparation Understanding and experience with VAT, WHT, Stamp duties and CIT Accuracy and attention to detail non-negotiable Knowledge or experience in Oracle Fusion or similar ERP systems preferable Independent, globally savvy and critical thinker who is comfortable working in a fast-paced high- performance environment Individual should enjoy working in an international team, be flexible with an ability to work professionally and accurately under pressure and challenging deadlines as well as to prioritize tasks Proficiency written and speaking level in English