Tokyo Century Corporation announced that it has signed an agreement with asset management funds under Octopus Energy Generation, part of the global energy company Octopus Energy Group, to co-invest in operating solar and onshore wind power plants. This strategic partnership will enable Tokyo Century to leverage Octopus Energy's operational expertise and networks, accelerating the growth of its renewable energy business overseas.
Under the agreement, Tokyo Century will acquire a 49% stake in the Breach Solar Farm (67 MW) located in England and a 49% stake in the Crossdykes Wind Farm (46 MW, comprising 10 wind turbines) in Scotland. The remaining interests in both projects will be held by Octopus Renewables Infrastructure Trust plc (ORIT) and Octopus Renewables Infrastructure SCSp (ORI SCSp), which are managed by Octopus Energy Generation.
Both plants benefit from long-term power purchase agreements (PPAs) with major UK corporations committed to clean energy procurement. These agreements not only support the UK's corporate decarbonization efforts but also ensure stable and predictable revenue streams for the projects. In addition, the Breach Solar Farm holds the right to develop a battery storage facility, with plans to explore construction in the future.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.