Schroders to partner with China's CATL on European battery projects
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Schroders has announced a partnership with China's CATL to explore battery project developments in Europe. This collaboration, signed during UK Prime Minister Keir Starmer's visit to Beijing, involves Schroders' Greencoat unit and Hong Kong's Lochpine Capital. They aim to create an investment platform for battery energy storage systems in Europe. This move comes amid efforts to strengthen UK-China relations, despite scrutiny of CATL in the U.S. regarding its partnerships. Additionally, Octopus Energy has formed a joint venture with China's PCG Power for renewable energy trading.
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