GB Energy to be headquartered in Aberdeen

Quick Summary:

The publicly-owned firm will be charged with managing and operating clean power projects across the UK.

First Minister John Swinney said the firm would be a “bodyblow” to the Scottish economy, arguing it would not bring bills down for households and risk reducing employment in the north east of Scotland.

During the election campaign, Labour was forced to clarify that GB Energy would generate power in its own right, but would not be a retailer.

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Article Details

Category: Business

Markets: United KingdomOman

Topics: Labour Existing Body Jobs Energy Location Aberdeen Projects Scotland Company

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 15:48:28 (3 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 827 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 22389779

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 9 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

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Publisher ID: #43

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