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UK to Spend £300 Million to Draw Offshore Wind Supply Chain
The UK is earmarking £300 million ($398 million) to bolster the homegrown supply chain for offshore wind, an industry considered essential for meeting climate and job-growth goals.
The spending comes as the country hosts government ministers and energy company executives Thursday for a summit in London with the International Energy Agency. The funding will be channeled through state-backed Great British Energy, which was launched by the government last year.