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Octopus Renewables furthers presence in electricity distribution with acquisition of Eclipse

Octopus Renewables, the specialist clean energy investor arm of Octopus Energy Group, has announced the acquisition of Eclipse Power Limited (“Eclipse”), one of the UK’s licensed Independent Distribution Network Operators (“IDNO”).  The deal, which was completed with investment from funds managed by Octopus, furthers Octopus’ involvement in the electricity distribution sector, having provided funding to Eclipse in 2018. It will allow Eclipse to continue the expansion of its team, while also investing in its systems, technology, and pipeline, with the ambition of making it one of UK’s leading IDNOs. Since commencing operations in 2018, Eclipse has secured a portfolio...
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