🇬🇧 Andy Burnham
Andy Burnham says £12billion wind farm investment great for billpayers
What happened
A £12billion investment in wind farms is to be made in the UK, with construction set to begin on Norfolk-coast based wind farms early next year. The investment includes £1billion from the National Wealth Fund. The wind farms are expected to deliver power by 2030. Energy companies have welcomed the investment.
Why it matters
The investment is seen as a vote of confidence in UK-based energy production, which could reduce the impact of global events such as wars and invasions on energy prices. This is significant for billpayers, who may benefit from having a more stable energy supply. The investment will also create jobs and opportunities in coastal communities.
Key facts
- Energy companies have welcomed the investment
- The National Wealth Fund is providing £1billion
- Construction is set to begin on Norfolk-coast based wind farms early next year
- The wind farms are expected to deliver power by 2030
Official statement
“Our National Wealth Fund means that public investment is working alongside private capital to build homegrown energy and bring a return for the taxpayer. Because, for me, a clean energy future is one that brings down bills.”
🇬🇧 Andy Burnham · Full statement & source
Topics
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