The partnership announced today between Great British Energy and the Crown Estate is a logical step on the government’s planned path to net zero. The new government now needs partnerships with industry to put plans into action and kickstart economic growth.
The Office for Budgetary Responsibility says net zero will cost the UK 1.4 trillion, with the lion’s share coming from business.
Partnerships must be built across the UK’s offshore energy sector, its world class supply chains and skilled workforce so this scale of investment can be found.
David Whitehouse chief executive of Offshore Energies UK said:
“We welcome the commitment to create GB Energy in partnership with sectors which are critical to the future success of the UK economy.
“Our members share the ambition to accelerate renewable energy projects and create economic value. GB Energy must be a positive step to bring confidence to the market, unlock further private investment and grow the UK’s supply chain.
“We continue to need a fiscal climate that promotes investment in the offshore energy sector to assure a managed transition to clean energy which does not depend on increased imports.
“We’re committed to a partnership between government, industry and our skilled people that is focused on a homegrown energy transition, supporting jobs, growing our world class supply chain and delivering domestic energy security.”
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