UK PM brings forward £300mln for investment in offshore wind
Ministers have also written an open letter to clean energy developers and investors inviting them to invest here in Britain.
Prime Minister Keir Starmer advances the investment through state-owned Great British Energy ahead of the Spending Review to win global offshore wind investment.
The fund is designed to boost domestic jobs, mobilise additional private investment and secure manufacturing facilities for critical clean energy supply chains like floating offshore platforms.
The government hopes the investment will directly and indirectly mobilise billions in additional private investment – helping derisk clean energy projects.
This complements the £43bln of private investment for clean energy projects since July.
Prime Minister Keir Starmer says, 'Delivering the Plan for Change means winning the race for the clean energy jobs of the future, which will drive growth and help us reach clean power by 2030. Let my message to the world go out: come and build the clean energy future in Britain.'
The Prime Minister, ministers and business leaders will gather in London today for the two-day summit on the 'Future of Energy Security' – hosted by the UK Government and International Energy Agency.
Energy Secretary Ed Miliband, Business Secretary Jonathan Reynolds, the Minister for Investment Baroness Poppy Gustafsson, National Wealth Fund CEO John Flint and Great British Energy Chair Juergen Maier co-signed the open letter to clean energy developers and investors inviting them to invest here in Britain.
