Labour plans £8.3bn investment in floating wind farms off UK coast for energy security, jobs, and decarbonization.
Labour plans to invest £8.3bn in building floating wind farms off the UK's coast to boost energy security, create jobs, and accelerate decarbonization. Leader Keir Starmer will announce the creation of state-owned firm Great British Energy, which will fund the construction of these wind farms, targeting net-zero carbon emissions by 2030. The development of floating wind offers opportunities to build more offshore wind farms in deeper, windier waters, providing clean power.
March 25, 2024
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