UK secures £24 billion in private investment for green energy projects

The UK government has secured over £24 billion ($31.3 billion) in private investment for green energy projects ahead of an international investment summit. This marks a significant step in the Labour government's plans to boost the economy through renewable energy. Prime Minister Keir Starmer highlighted the investments as a strong endorsement of Labour's long-term growth strategy. The funding includes major contributions from companies like Spain's Iberdrola and Denmark's Orsted, reflecting renewed investor interest. Recent developments include the awarding of 131 new green infrastructure projects and the establishment of Great British Energy, a public body aimed at enhancing domestic renewable investments. The government has also lifted a ban on onshore wind projects in England.