The UK government has announced private investment of more than £24 billion in green energy projects. This investment, mainly from large international players such as Iberdrola, Orsted and Greenvolt, aims to boost economic growth and create thousands of jobs in the UK. Prime Minister Keir Starmer hailed the commitment as a “huge vote of confidence” in his sustainable growth policy.
Investments are focused on renewable energies, particularly offshore wind, and are part of the government’s green energy strategy. This includes the creation of a public company, Great British Energy, which will be responsible for promoting the production of clean energy. The government also approved several renewable energy projects in September, strengthening its efforts to meet its climate goals.
The announcements come just days before an investment summit scheduled for October 14, which the government hopes to use as leverage to make the UK a world leader in energy innovation.
This summit, along with complementary projects such as a £21 billion investment in carbon capture, marks the country’s commitment to meeting its climate goals and promoting sustainable economic growth in all regions of the UK.
