Luke Charters is the Labour MP for York Outer.
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However, the Bill is not just about numbers on a balance sheet; it is also about impact. Through the Crown Estate’s role in renewable energy, the legislation will support the creation of new projects, secure our domestic energy production and unlock up to £60 billion in private sector investment. That is the kind of forward-thinking approach we need to create a secure and prosperous future.
I always agree with my hon. Friend. He will recognise the impact the Bill brings not only to the Crown Estate but to GB Energy, which was one of the first initiatives implemented by the new Government. Taken together with the Great British Energy Bill, these are two pieces of thoughtful, complementary legislation that will support our green energy transition and economic growth—what a stark contrast to the previous Government, who not only ran out of ideas but failed to make the few ideas they had work in the first place.
The interaction between the Crown Estate Bill and the Great British Energy Bill is vital. In York Outer, we have a number of exciting projects that are ready to go and exemplify how these changes can drive forward our ambitions for a clean, secure energy future. For example, proposed battery storage facilities in York Outer could become critical national infrastructure for our local energy network, and Hessay solar farm was awarded funding from the contracts for difference scheme a few months ago. I welcome the exploration of wind projects, such as the Harewood Whin green energy park and the North Wigginton onshore wind project. Just today, we discovered that wind power was Britain’s largest source of electricity in 2024, topping gas-fired power plants for the first time in history. With the Crown Estate Bill, we can make even more projects like those in York Outer possible, unlocking clean energy for my region and beyond.
Full debate: Crown Estate Bill [Lords]