Britain Launches GB Energy in Aberdeen to Drive Renewable Projects

Prime Minister Keir Starmer has announced that GB Energy, Britain's new state-backed power company, will be headquartered in Aberdeen. The company, a key initiative of the Labour government elected in July, will invest in renewable energy projects to help decarbonize the electricity sector by 2030.

Prime Minister Keir Starmer announced on Tuesday that GB Energy, Britain's newly established state-backed power company, will be headquartered in Aberdeen, Scotland's third-largest city.

GB Energy, a major initiative of the Labour government elected in July, is focused on developing, investing in, and owning renewable energy projects. 'We said GB Energy, our publicly-owned national champion, the vehicle that will drive forward our mission on clean energy, belonged in Scotland. And it does,' Starmer told delegates at Labour's annual conference in Liverpool.

The company will also open sites in Edinburgh and Glasgow, initially operating out of government buildings while permanent locations are being established. An interim chief executive is expected to be appointed soon. The government aims to decarbonize the electricity sector by 2030, necessitating a rapid increase in renewable power capacity, including wind and solar.

(With inputs from agencies.)