GB Energy Seeks to Add 15 Gigawatts of Clean Power by 2030
PositiveFinancial Markets

- GB Energy, the UK's new state-owned energy company, aims to mobilize £15 billion ($20 billion) in private-sector financing to develop 15 gigawatts of clean power and storage assets by 2030. This initiative reflects a significant commitment to renewable energy amidst growing concerns over energy security.
- The ambitious plan is crucial for GB Energy as it seeks to establish itself as a leader in the transition to clean energy, addressing both environmental goals and the increasing demand for sustainable power solutions in the UK.
- This development comes at a time when the UK faces potential gas supply crises and significant financial commitments to nuclear power projects, highlighting the urgent need for diverse energy sources and the balancing act between renewable investments and traditional energy dependencies.
— via World Pulse Now AI Editorial System







