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UK Secures £12bn Offshore Wind Investment Ahead of Climate Summit
Andy Burnham has welcomed a record £12bn investment for offshore windfarms off the Norfolk coast as the government works to strengthen its environmental reputation.
The UK government has announced a £12bn investment from German energy company RWE and US private equity firm KKR to build the Vanguard West and Vanguard East offshore windfarms off the Norfolk coast. The projects will also receive £1bn in funding from the state-owned national wealth fund and are expected to begin supplying power by 2030. Andy Burnham praised the package as a strong vote of confidence in British energy infrastructure. The announcement coincides with preparations for the Cop31 climate summit and follows criticism over the government's approval of the Jackdaw gasfield and the rejection of a large solar project near the Blenheim Palace estate.
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