Britain’s new Labour government on Thursday lays out its flagship green energy infrastructure plan to parliament, as it also presents a multi-billion-pound energy partnership with the royal family’s holdings company.

The legislation will establish a publicly owned body called Great British Energy, which Prime Minister Keir Starmer wants to spearhead funding in renewable energy projects as the UK weans itself off fossil fuels.

His government has allocated o8.3 billion ($10 billion) of public money over the next five years as Labour aims to bring down the price of energy by reducing reliance on foreign imports of oil and gas.

The body will also seek to attract private investment, and the government announced a partnership with the Crown Estate that aims to leverage private investment of o60 billion.