ADSW 2026: Octopus Energy Signs Clean Energy Deals with Masdar

Renewable energy giant Octopus has signed two memoranda of understanding with clean energy company Masdar for initiatives based in the UK and Africa.

They signed the agreement recently at the Abu Dhabi Sustainability Week in Abu Dhabi, United Arab Emirates (UAE). 

The partners are set to address the current challenge of a lack of grid capacity, keeping projects in a connection queue for years.

With this deal, Octopus Energy and Masdar are set to identify available capacity on the distribution network and design energy systems around them which includes solar, batteries, and flexible grid connections, allowing data centres to access the power needed without delay.

To ensure a secure supply, the systems will be powered by Kraken technology, which will balance on-site generation while decreasing costs by shifting consumption to cheaper periods.

The Africa-focused agreement aims to improve clean energy to benefit commercial and industrial users. The collaboration, which will initially begin in South Africa, will see distributed energy and local grids deployed to support job creation and industrial growth in the region. “This is about delivering projects that make energy cheaper, cleaner, and unlock real opportunities for businesses and industry,” said the chief executive of Octopus Energy, Greg Jackson.

Mohamed Jameel Al Ramahi, his Masdar counterpart, further echoed similar sentiment, saying, Through these agreements, we continue to reimagine the potential of renewables in the AI era, while also bringing much-needed clean energy to communities and businesses across Africa.”

In November last year, the company’s generation arm joined the European Commission, the Republic of South Africa, and Global Citizen’s Scaling Up Renewables in Africa campaign, raising about $17.8 billion in public and private sector contributions, with Octopus leveraging its Power Africa Initiative to contribute $450 million.

Despite having 60% of the world’s solar potential, Africa sees only 2% of global renewables investment, a report by Octopus Energy claimed.  

Masdar, which will be supporting the Power Africa Initiative, is already active on the continent through its Infinity Power joint venture.