The United Kingdom and Japan are set to formalize a major investment agreement worth up to $24 billion, with a focus on clean energy projects and technology partnerships, according to multiple reports.

The deal, valued at approximately £18 billion in British currency, represents a significant expansion of economic cooperation between the two nations. The investment package is expected to concentrate heavily on clean energy initiatives as both countries work to meet their climate commitments and transition to renewable energy sources.

The announcement comes as British Prime Minister Keir Starmer is scheduled to meet with Japanese officials to discuss the partnership. The timing coincides with ongoing discussions about other bilateral projects, including collaboration on defense technology programs.

Separately, Japan is reportedly planning to send a delegation to Greenland to assess opportunities for rare earth mineral extraction, highlighting the country's broader strategy to secure critical materials for its technology and manufacturing sectors. This initiative reflects Japan's efforts to diversify its supply chains for essential minerals used in electronics and renewable energy technologies.

The UK-Japan investment deal would mark one of the largest bilateral economic partnerships announced between the two countries in recent years, potentially strengthening trade ties and technological collaboration across multiple sectors.