Octopus Energy invests in US solar developer

LONDON, Sept 27 (Reuters) - Octopus Energy's generation division said on Friday it will invest in U.S. solar developer Circal to create 600 megawatts (MW) of new solar farms, as the UK-based company expands further in the U.S. renewables sector.

Three months ago, Octopus Energy made its first investment in the U.S. market with the acquisition of solar farms in Ohio and Pennsylvania.

The new deal sees Octopus invest in Circal to scale up their expansion. It targets the creation of 600 MW of new solar farms in the United States in the next five years, with a focus on Texas. This would be enough green power for 40,000 Texan homes. Financial details were not disclosed.

"The U.S. continues to break its records with the amount of clean, cheap, solar power it is building. We entered America’s renewables market just three months ago and have big ambitions to build even more green power," said Zoisa North-Bond, chief executive of Octopus Energy Generation.

(Reporting by Nina Chestney; Editing by Susan Fenton)

((nina.chestney@thomsonreuters.com; +44 (0) 020 7513 5674; Reuters Messaging: nina.chestney.thomsonreuters.com@reuters.net; Twitter: https://twitter.com/NinaChestney))