<-- Back to proposed bills
Great British Energy update
25 July 2024
Type
Written Ministerial Statement
Department
Department for Energy Security and Net Zero
TAGS
At a Glance
Issue Summary
The statement addresses Britain's ongoing energy insecurity and climate challenges by announcing progress on establishing Great British Energy, a publicly-owned company focused on investing in clean, home-grown energy.
Action Requested
The minister is introducing the Great British Energy Bill to Parliament and announcing its first major partnership with The Crown Estate. This partnership aims to deliver up to 20-30GW of new offshore wind developments by 2030, enhancing Britain's energy independence and cutting project timelines by half.
Key Facts
- Great British Energy is a publicly-owned company set up to invest in clean home-grown energy.
- The partnership with The Crown Estate will deliver up to 20-30GW of new offshore wind developments reaching seabed lease stage by 2030.
- The Crown Estate brings a £16 billion portfolio and established expertise, while Great British Energy provides strategic industrial policy and investment capabilities.
▸
Assessment & feedback
Summary accuracy