The UK Labour Party has further details of its planned state-owned energy company if it wins at July’s General Election.
Initial investments from Great British Energy (GBE) would focus on wind and solar projects, along with hydrogen, carbon capture and storage (CCS) and floating offshore wind technologies.
Devised by former Labour leader and Shadow Secretary of State for Energy Security and Net Zero, Ed Miliband. The plan envisions £23.7bn ($29bn) per year to be spent in the first five years of a potential incoming Labour Government.
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