Octopus Energy, the UK’s largest energy supplier, has established a strategic joint venture to trade renewable energy in China. The announcement coincided with the UK Prime Minister’s visit to the country, highlighting a growing collaboration in the energy sector.
The partnership aims to expand Octopus Energy’s presence in the Chinese market by leveraging local expertise and resources to promote sustainable energy solutions.
**Why this matters**
This joint venture represents a significant step for Octopus Energy as it enters one of the world’s largest renewable energy markets. It also reflects broader efforts to strengthen international cooperation on clean energy during a period of increased focus on climate change and sustainability.