RE: Boris in Saudi16 Mar 2022 15:04
Lord Gerry Grimstone, investment minister, has been wooing the Saudis for months over a possible sovereign investment into UK green energy projects, which are at the heart of Johnson’s plan to reduce Britain’s consumption of imported oil and gas.
Last year the UAE pledged to invest £10bn in UK clean energy, technology and infrastructure; Grimstone hopes the Saudi government will also put money into the sector.
One government insider said the investment being sought would be a “big number”. Downing Street confirmed “we’ll be talking about developing renewable energy capacity”.