Great British Energy could grow to rival foreign-owned energy giants like EDF, Labour sources say.
It would be able to build new wind, wave and solar projects - but also invest in privately-owned renewable schemes.
But Labour hopes it will act as a "national champion" to rival firms like French-owned EDF, which employs more than 10,,000 people in the UK. The largest onshore wind farm in Wales is owned by Sweden, meaning "energy bills in Swansea are paying for schools and hospitals in Stockholm," he added."The Chinese Communist Party has a stake in our nuclear industry. And five million people in Britain pay their bills to an energy company owned by France."
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