New report provides detail on the potential role of Great British Energy - RenewableUK Media Release A report published today by RenewableUK shows that Labour’s plans to set up GB Energy as a state-backed company to invest in new renewable energy projects can play a positive role in supporting emerging technologies and the transition to clean power, as long as it is set up in a way that does not disrupt the energy market. The report, “Great British Energy – from pledge to reality”, compiled by consultants Public First, recommends that Labour now outlines a clear vision for GB Energy (GBE) as soon as possible, so that it can begin operating within the next 12 months. The report emphasises the benefits of making GBE an operationally independent company, to avoid any risk of politicians or civil servants influencing its actions on a day to day basis, as policy churn is damaging to investment. It also suggests that GBE should focus initially on investing in onshore wind and solar projects, as these are quick to build and bring stable revenues. Polling by Public First conducted for this report shows that GBE’s involvement in projects could increase local support for them, as a publicly-owned company is seen as a trusted body to support community consultations: Press release ➡ renewableuk.com/news/676755/Ne… Report ➡ cdn.ymaws.com/www.renewableu… #GBEnergy #election2024 #renewableenergy #energybills #investment
