Great British Energy has outlined its first ever strategic plan including a target to deliver at least 15GW of clean energy generation and storage capacity by 2030.
The state-owned energy company said its investments and partnerships would directly support 10,000 jobs by the end of the decade and mobilise £15bn private finance in the longer term.
An income-generating portfolio will be developed in technologies including floating wind, onshore wind and solar to provide returns to be reinvested in additional new capacity and supply chain opportunities.
The Aberdeen-headquartered organisation also intends to support over 1,000 local and community energy projects to increase public participation in the energy system, according to the blueprint which has been published in response to a statement of strategic priorities set out by the UK government in September.
Further details have been provided of a £1bn Energy, Engineered in the UK programme to provide supply chain funding and other strategic interventions to help deliver the UK’s Industrial Strategy.
Great British Energy Chief Executive Officer Dan McGrail (pictured) said: “We are proud to be putting public ownership to work, unlocking investment, powering communities, creating jobs, and building an energy system that delivers for the UK.
“This Strategic Plan marks a major milestone in our mission to accelerate clean energy and the industries that support it.”
Great British Energy Chair Juergen Maier said: “This plan puts the UK public at the heart of our energy future. By investing in clean power, supporting local projects, and unlocking British industry, Great British Energy will help deliver an energy system that works for everyone.”
Energy Secretary Ed Miliband added: “We set up Great British Energy to be a national champion that allows us to reap the benefits of Britain’s natural resources.
“This plan shows what a publicly owned energy company will deliver: an abundance of clean, homegrown energy for British people and thousands of good jobs across the country.”