"Britain's drive for clean energy is about answering the call for a different kind of economy that works for the many, not just the wealthy and powerful in our society. Local and community energy is at the heart of our government's vision, Miliband said. With the biggest-ever investment in community energy in Britain's history, this government is saying to every local community: we want you to be able to own and control clean energy so the profits flow into your community not simply out to the big energy companies."
"The funding for local community-owned solar, wind, hydro and biomass projects will be overseen by GB Energy, the state-owned company that Labour hopes will help deliver much cheaper electricity bills and greater energy security for the UK."
"GB Energy said it initially hopes to support 1,000 clean energy projects, which will receive grants or loans. It could also allow communities and local councils to buy shares in large privately owned schemes. Ministers expect the money to pay for solar panels on public buildings, churches and schools, potentially producing much cheaper off-grid power, or fund small new windfarms where all the profits are spent on building new homes for social rent, subsidised buses or village halls."
Up to £1bn will fund community-owned solar, wind, hydro and biomass projects to democratise the energy system, increase local wealth and financial independence, and potentially reduce local energy bills. Funding will be overseen by GB Energy, a state-owned company aimed at delivering cheaper electricity and greater energy security. The programme could support roughly 1,000 projects through grants, loans, or community share purchases in private schemes. Proposed uses include solar installations on public buildings, small windfarms, and directing profits toward social housing, subsidised transport, and village facilities. Funds will be shared with devolved governments in Wales, Scotland and Northern Ireland.
Read at www.theguardian.com
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