Statement from Energy UK’s chief executive, Emma Pinchbeck in response to Government announcement on GB Energy:
“GB Energy can play a vital role in making the Government’s clean energy ambitions a reality by attracting extra private sector investment, speeding up the delivery of projects and further supporting developers by having the necessary supply chain in place.
“It can also step in to kickstart the development of newer technologies and support community projects while larger and established sources like wind and solar continue to grow.
“The expansion of clean, secure, homegrown energy and the economic growth this will bring can deliver huge benefits to the whole population.
“However, the best way to make sure that the public benefits from GB Energy and that the economy grows, is to complement – rather than duplicate – the investment, expertise and experience of the private sector, whose track record of delivery has made the UK a world leader in offshore clean energy.
“Success depends on private investment being crowded in rather than crowded out – and industry is looking forward to working in partnership with government to make sure this happens.”