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Announced

Octopus Renewables to acquire Eclipse.

Synopsis

Octopus Renewables, a specialist clean energy investor, agreed to acquire Eclipse, an opeartor of electricity distribution networks across the United Kingdom. Financial terms were not disclosed. “Octopus shares with us a clear understanding of the important role that electricity distribution networks will play in the UK’s drive towards net-zero. Its team recognise the significance of a customer-focussed approach to working with clients to build smart distribution networks of the future. With that, we are excited to now be part of the Octopus Group, with this investment helping us to reach the next stage of our growth journey and contribute to a greener, more efficient electricity network in the UK," Gary Gay, Eclipse Managing Director.

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