Octopus Energy to set up joint venture to trade renewables in China

UK-based Octopus Energy has agreed to set up a joint venture in China focused on spot power trading, in a bid to scale renewable electricity volumes as market reforms and demand growth accelerate.Octopus Energy Group said it has partnered with China's PCG Power to create a new company, Bitong Energy, to trade renewable energy across China's electricity market. The joint venture was announced during UK Prime Minister Keir Starmer's visit to Beijing in the final week of January. Bitong Energy will combine PCG Power's experience in commercial and industrial renewable energy with Octopus Energy's ...

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