Octopus Energy Investments has changed its name to Octopus Renewables with immediate effect.
The rebranding is intended to more accurately reflect the business’ core mission, to accelerate the transition to a future powered by renewable energy.
Octopus Renewables co-head Alex Brierley said: “This rebrand is clearly an exciting moment for us and comes as we reach a critical stage in the fight against climate change.
“Our mission is to accelerate the investment needed to drive the decarbonisation of our energy infrastructure, safeguarding the future of our planet for ourselves and future generations.”
Since entering the renewables market in 2010, Octopus Renewables has grown to become the largest investor owner of solar power in Europe as well as a leading investor in onshore wind, managing over £3bn (€3.3bn) of assets globally.
The investor has also expanded internationally, with new investments in Australia, Finland, France and Italy, establishing a diverse portfolio of clean energy assets with a capacity of 2.3GW.
Octopus Renewables co-head Matt Setchell said: “The decision to change our name became an obvious one, which now aligns more clearly with our position as a leading international investor in renewables.
“We look forward to building on the huge success of the UK’s energy market, exporting our expertise to new markets and breaking down the barriers for the crucial investment in the sector.”