Government claims partnership will lead to up to 30GW of new offshore developments securing leases by 2030
The partnership between state-owned GB Energy and the Crown Estate, unveiled by energy secretary Ed Miliband on Thursday, is being touted as a way to accelerate the building of thousands of offshore wind turbines in the UK over the coming years. Miliband has argued that a surge in domestic renewable capacity can increase Britain’s energy security and provide cheap, clean power.
The UK has the largest offshore wind capacity outside of China, with the private sector investing heavily over the past decade with the support of government guarantees on the price they can earn for the electricity they produce. “Companies view it as a strategic advantage to do quicker and faster than others,” said one industry source. “The risk is that it’s even slower as no one in the state is used to doing this yet.
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