Rishi Sunak has hailed a “massive” investment deal in a UK wind farm from COP28 in Dubai.
Speaking at a press conference this afternoon, the Prime Minister confirmed UAE state-owned firm Masdar and German-based renewables firm RWE will join the project, investing up to £11billion.
Mr Sunak said the deal was “massive” and would help Dogger Bank wind farm become the largest in the world.
The PM told reporters in the UAE: “I’m pleased to announce a new deal between Masdar and RWE, which includes a commitment to jointly invest up to £11billion into the UK’s new wind farm at Dogger Bank – which will be the biggest in the world.
“This is a huge boost for UK renewables: creating more jobs, helping to power three million homes, and increasing our energy security.
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“And, by the way, this comes just days after we announced £30 billion of investment at our Global Investment Summit… and £21 billion of investment from South Korea.
“We’ve quite frankly never seen a week like it.”
The Dogger Bank wind farm will be completed by 2026, and is expected to generate a combined energy capacity of 3.6 gigawatts, enough to power millions of homes.
It produced power for the first time in October this year, being hailed as a major step forward for Britain’s energy security.
Despite reports that Mr Sunak’s recent delay to certain Net Zero targets may leave him an outcast at the global eco summit, the Prime Minister denied any world leaders had raised concerns about the UK’s recent changes.
He claimed fellow world leaders had in fact been “grateful” for his stance.
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While the King said the Earth is heading for “dangerous, uncharted territory” and has reached “alarming tipping points”, Mr Sunak argued the UK can only do so much as a tiny global emitter.
Asked whether he was concerned by Joe Biden and Xi Jinping’s failure to turn up for the summit, Mr Sunak said “clearly it’s the large emitters who have to bring down their emissions”.
However he promised the UK would help them achieve that goal.
“The UK accounts for less than 1 percent of global emissions, that is just the reality of it, so all of us who believe in climate change and want to make sure we leave our planet in a better shape for our kids and grandkids have to acknowledge that in reality what we do isn’t going to be the difference in terms of our emissions.
“Lots of the conversations I’ve been having today are about ‘how do we leverage what we’re doing in our country to help others throughout the world?’
“Whether it’s exporting off shore wind technology – and I point you back to the deal we announced today, a massive massive investment in UK offshore wind from the UAE. Why? Because we’re a massive leader in it…; or in climate finance,”
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