The new Labour government has been quite active in its first phase of office, amongst other things with its flagship Great British Energy programme, formally launched in July . It will be given £8.3bn of public money over the course of the next parliament to invest in green energy technologies and projects- and jobs. Crucially it will partner with The Crown Estate, which has a £16 bn portfolio of land & seabed assets. With its help, GBE aims to develop 20-30GW of new offshore wind farms by 2030, and will potentially bring in up to £60 bn in private investment to this end. The Crown Estate owns the majority of the seabed out to 12 nautical miles from the mainland and will lease the land on which wind farms can be built. The new agreement is only for projects around England & Wales, but Labour is also in discussions with the Scottish government & Crown Estate Scotland on support for local projects. That’s pretty vital since GBE is to be based in Scotland. GBE wi...
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