- Greg Jackson, CEO of Octopus Energy, has warned that the UK risks being “left behind” if it fails to collaborate with China on renewable technology.
- He highlighted China's significant advancements in renewables and technology, suggesting that importing Chinese wind farm innovations could create thousands of UK jobs and enhance energy security.
- Octopus Energy has already formed a joint venture with Chinese firm PCG Power and plans to deploy Chinese wind turbines, which are reportedly 30 per cent cheaper than European alternatives, in its UK projects.
- Jackson acknowledged national security concerns but argued that working with China is a “golden opportunity” to reduce energy bills and boost the UK economy, while ensuring appropriate security frameworks.
- The collaboration aims to reduce the UK's reliance on imported gas and bring down energy costs, with Octopus hoping to bring Chinese turbine technology to the UK within a couple of years.
IN FULL
