Government launches GB Energy – can it cut bills and boost the economy?

The clean power company’s first project will involve building offshore wind farms on land leased from the Crown Estate. Will it supercharge the economy and lower our energy bills?

Offshore wind farm in southern North Sea, UK
(Image credit: Davee Hughes UK via Getty Images)

The government has launched its publicly-owned clean power company, Great British Energy, announcing its first major project today. 

The government plans to lease land owned by the royal family to build new wind farms on the sea bed. It hopes the project will help power 20 million homes. 

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Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.