Renewable energy parks to be built in seabed areas on so-called Crown Estates – The announcement is part of a plan to set up a new state-owned energy company that will herald the green transition
London, Thanasis Gavos
Offshore wind farms that can provide electricity to 20 million homes are promised to be built in the next five years by Sir Keir Starmer’s government in the United Kingdom.
These renewable energy parks will be built in sea areas whose seabed belongs to the so-called Crown Estates, i.e. they constitute a part of the property that is inherited from monarch to monarch with the profits from its exploitation but reaped by the government.
The announcement is part of the plan to set up a new state-owned energy company, to be called Great British Energy, to champion the green transition.
As Mr Starmer announced during the election campaign, Great British Energy will be funded with £8.3bn by the UK government, which believes it can persuade the private sector to join the clean energy drive with even 60 billion pounds.
Sir Keir said: “This innovative partnership between Great British Energy and the Crown Estate is an important step towards our mission for clean energy by 2030 and reducing energy bills for good.”
Offshore wind farms will be the initial target of the new state energy company, which will gradually expand to invest in new technologies such as carbon capture, flood power and small nuclear reactors.
Source :Skai
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