Octopus Energy is opening its retail investment platform to allow third-party green energy projects to list on the marketplace.
The energy firm said the expansion, prompted by the successful sale of its first two wind turbines, is expected to meet increased investor demand and increase public participation in clean energy projects, such as wind and solar farms.
The Collective is a fee-free platform enabling direct investment in renewable energy projects, with investment options ranging from £25 to £20,000 (€30 to€24,128).
Octopus Energy said the first two wind turbine projects listed on the Collective platform, situated in Yorkshire and Wales, attracted hundreds of member investors, with contributions across all investment tiers.
Zoisa North-Bond, CEO of Octopus Energy Collective, said: “Selling out our first two projects in just a week shows just how much demand there is to reshape and democratise how green energy is funded and owned.
“With our ‘Pass the Power’ campaign, we’re now also inviting other projects to register their interest in listing on our platform to unleash even more public ownership of renewables. By adding more projects onto ‘the Collective’, we can empower even more people to take part in the clean energy revolution.”
To read the latest IPE Real Assets magazine click here.
