The UK’s Labour party has released a plan to build 37 new offshore wind farms under a public-private ownership structure, with the government retaining a 51 percent stake.
Rebecca Long-Bailey MEP, the shadow secretary for business, energy and industrial strategy, unveiled the plan on Tuesday as part of a British “Green Industrial Revolution” package.
“We will deliver a seven-fold increase in offshore turbines in twelve years. But we can’t rely on the market to act fast enough,” she said. “So ‘the people’ will take a majority stake in all new offshore wind farms and Our National Transformation Fund will allocate [$7.7 billion] to jumpstarting a home-grown renewable industry.”