How Will the Crown Estate's Support Impact the Expansion of Wind Energy by Labour?

Since Labour has been elected as the new party within the United Kingdom, they are trying to find sustainable solutions to boost renewable technology and reduce energy bills for millions of households.

The government is set to use British seabeds owned by the Crown Estate to help build windfarms, which will power 20 million homes across the country. The Energy Secretary claims that the initiative will lead to decreased energy bills for households. The deal would involve the Crown Estate to lease the land on which the wind farms can be developed. Moreover, the Conservative party stated that the deal would just end up costing families, not cutting bills.

The government is providing GB Energy with £8.3bn of funding but hopes to attract £60bn of private investment. The aim is to ensure the windfarms generate between 20GW and 30GW of offshore power. The deal will hopefully reduce carbon footprint and reduce utility bills for households across the UK.

Overall, the anticipated outcome of this deal is a reduced carbon footprint and decreased utility expenses for households throughout the UK.

If you'd like to learn more about renewable technology, then please get in touch with our Exeter,Devon Southwest renewable energy experts for more information.