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UK aims to turn new state-owned firm GB Energy into energy giant

  • Admin
  • Sep 6, 2024
  • 4 min read

The United Kingdom is focusing on establishing state-owned energy company Great British Energy to rival European giants in renewable energy. The Labour government has awarded CfD subsidies to numerous renewable energy projects. There are discussions on legislation, partnerships, and investments in the energy sector, particularly offshore wind projects. The plan is to create jobs, promote clean technology, and enhance energy independence in the UK.


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