Borenius advised Octopus Energy on its investment into clean air travel

We advised Octopus Energy’s generation arm on its investment in sustainable fuels expert Nordic Generation Fuels (NGF) in Finland. The investment was made on behalf of the Octopus Energy Transition Fund (OETF) and Sky Fund (ORI SCSp), managed by Octopus Energy Generation. The investment will enable NGF to develop two new fuel production facilities in Finland. These will generate enough fuel to power nearly 2,000 flights from London to New York a year. Construction of the facilities is expected to start in the next few years, with one aiming to be operational in 2030. The sustainable aviation fuel will be produced by capturing biogenic CO2–carbon emitted by biological material–and combining it with green hydrogen, both abundant in Finland.

Octopus Energy Generation is driving the renewable energy agenda and building green power for the future. It is reshaping the market by leading the transition to a cleaner, greener future through renewable projects connected more deeply to customers and businesses. As one of Europe’s largest specialist renewables investors, it manages 3.7 GW of green energy projects such as wind and solar farms in over 15 countries, worth £7bn ($9bn). These generate enough green power for 2.4 million homes every year–the equivalent of taking over 1 million petrol cars off the road.