The establishment of Great British Energy is among the last remnants of the 'green prosperity plan' devised and championed by Ed Miliband, the shadow secretary of state for energy security and net zero, three years ago. The former Labour leader's vision was to spend £28bn per year in the first five years of an incoming Labour government on decarbonising the UK economy.
What will Great British Energy even own? The second big question is what assets will be owned by Great British Energy. Labour said overnight: 'Great British Energy's early investments will include wind and solar projects in communities up and down the country as well as making Scotland a world-leader in cutting edge technologies such as floating offshore wind, hydrogen, and CCS .
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