Vesper Energy sells Nestlewood and Gaucho solar projects to Octopus Energy

By Editor


Vesper Energy has sold Gaucho Solar and Nestlewood Solar projects to Octopus Energy Generation, marking its second major transaction in 2024. Financial details were not disclosed.

Octopus Energy Generation manages nearly $9 billion of green energy assets globally.

“Our partnership exemplifies growing investor confidence in renewable energy developments and supports our organizations’ shared mission to advance a clean, reliable energy infrastructure,” said Mark Rostafin, Co-CEO of Vesper Energy.

Vesper Energy will continue to serve as asset manager for both the Nestlewood and Gaucho sites. Nestlewood and Gaucho projects will generate 100 MWac of energy annually, enough to power approximately 20,000 homes.

The Nestlewood Solar project, located on 610 acres in Clermont and Brown County, Ohio, offers power for a Fortune 100 e-commerce leader as part of a purchase power agreement (PPA).

The Gaucho Solar project, located on 68 acres in Beaver County and Allegheny County, PA, is the largest solar project in Southwestern Pennsylvania to date. Gaucho Solar contributes daily to the University of Pittsburgh’s sustainability and climate action goals with approximately 55,000 solar panels generating electricity just 25 miles from the Pittsburgh campus.

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