UK startup Octopus Energy becomes renewable energy giant in £3bn deal

Plan to create 50 million customers after takeover of Octopus Renewables hands UK supplier 300 projects in six countries

The UK's fastest growing energy supplier will soon become one of Europe's biggest renewable energy investors in a deal worth more than 3bn, which could bring green energy to 50 million homes in six years.

Octopus Energy will snap up its sister company Octopus Renewables in a move that will hand the startup a portfolio of about 300 renewable energy projects, across six different countries, enough to power more than 1.2 million homes.