The leaders of the world’s top green energy companies pledged over £24bn in new private investments in Great Britain, showing confidence in the government’s efforts to drive growth and create jobs across the country. Keir Starmer is set to meet with these energy bosses to discuss the projects just before the government’s international investment summit. With plans to create a zero-carbon electricity system by 2030, the government aims to rely heavily on private sector investment.
Key investments include Scottish Power’s owner, Iberdrola, doubling its planned investments in the UK to £24bn, focusing on renewable energy projects and improving the country’s power grids. Danish company Ørsted and Greenvolt also committed significant funds to offshore wind projects. These investments are attributed to the UK’s stable investment environment and clear climate goals.
Other notable investments include projects by Australian bank Macquarie, US firm Holtec, and offshore wind foundation maker SeAH Wind, all contributing to the country’s push towards sustainable energy. The investments are expected to create jobs and drive innovation, showcasing a collaborative effort between the government and businesses to achieve clean energy targets.
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