Octopus Australia to Spend Over $10 Billion on Green Energy Over Five Years

The Australian arm of Octopus Group plans to spend as much as A$20 billion ($14.2 billion) on renewable projects over the next five years, one of the largest investment plans in the country’s green sector.

Octopus Australia will invest at least A$15 billion developing assets in New South Wales, Victoria and Queensland, Chief Executive Officer Sam Reynolds said in an interview. About 60% of that will be spent on wind projects, with the remainder divided between standalone batteries and combined solar and batteries.