Energy News Beat
The UK government will invest £300m ($400m) through Great British Energy to strengthen the country’s offshore wind manufacturing capabilities and supply chains.
The investment is expected to directly and indirectly mobilise billions in additional private investment, helping de-risk clean energy projects, supporting thousands of jobs, and revitalising the UK’s industrial heartlands.
The public investment complements the £43bn ($57.1bn) of private investment pledged for clean energy projects since last July.
The fast-tracked funding will allow Great British Energy to invest in new supply chains for offshore wind manufacturing components, such as floating offshore platforms and cables
The new investment in domestic offshore wind is part of the UK’s modern industrial strategy and ensures that the clean energy future is ‘built in Britain’. The funding will ensure that the nation builds resilient domestic supply chains for components which are essential to delivering clean power by 2030.
“Delivering the Plan for Change means [reaching] clean power by 2030. That is why I am bringing forward much-needed investment in our domestic offshore wind supply chains, strengthening our security and creating good jobs for our welders, electricians, and engineers. Let my message to the world go out: come and build the clean energy future in Britain,” said UK prime minister Keir Starmer.
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