King to help lead UK's clean energy revolution that will generate power for up to 20m homes

KING Charles will help lead a clean energy revolution in Britain that is set to create enough power for nearly 20 million homes.

- steph spyro

Great British Energy is a newly created state-owned company, that will partner with the monarchy's property firm to help speed up the building of offshore wind farms.

The Crown Estate owns the vast majority of Britain's seabed, stretching up to 12 nautical miles from the mainland, and leases parts of it to wind farm operators.

It is estimated the partnership will lead to new offshore wind sites being leased by 2030.

Prime Minister Sir Keir Starmer said: "This innovative partnership between Great British Energy and the Crown Estate is an important step toward our mission for clean energy by 2030 and bringing down energy bills for good.

"This agreement will drive up to £60billion in investment into the sector, turbo-charging our country toward energy security, the next generation of skilled jobs, and lowering bills for families.

"My mission-led government is rolling up our sleeves to deliver for Britain." The Crown Estate already had plans to deliver 30 gigawatts of renewable offshore wind off the coast of England and Wales by 2030. But it has now partnered with the Labour government's GB Energy scheme "to unleash billions of investment in clean power".

This includes building more offshore wind farms and pumping money into new technologies such as carbon capture and storage, plus hydrogen, wave and tidal energy.

Projects

It is unclear how much of the £8.3billion of taxpayers' money used for the energy firm will go towards this initiative, which is expected to rake in £60billion of private investment.