The UK government has unveiled a bold plan to create a state-owned renewable energy company called “Great British Energy,” aiming to cut energy costs and speed up the green transition.
Supporters see it as a visionary move for energy independence, while critics warn it could mirror past nationalization failures.
The new company will start operations in 2026, focusing on wind, solar, and tidal energy projects.
Why it matters:
The UK’s move signals a shift toward greater state intervention in critical industries—potentially influencing energy debates across Europe.
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