Octopus Energy CEO Warns Delay May Spark Billions of Investment Overseas

The UK's electricity grid is currently experiencing connectivity issues, with renewable energy projects being restricted from connecting. This has led to Octopus Energy considering investing billions of pounds in energy infrastructure abroad. The company has expressed concerns over the planning obstacles and long wait times to get generation projects connected to the UK grid, leading to potential investments in France and Germany. This comes despite Ofgem's recent efforts to change the rules for energy generation projects, as projects queued for connection have the capacity to generate almost 400GW of electricity. Chief Executive Officer Greg Jackson stated that capital goes where it can be deployed, and infrastructure difficulties in the UK have led to considerations of overseas investments.