Energy Secretary Ed Miliband said: "Great British Energy's first major project will be to help our vital public institutions save hundreds of millions on bills to reinvest on the front line."
The investment also includes funding for councils and community groups to build local clean power projects, including wind and hydropower.
Doubled
Hospitals and schools have faced soaring bills since the energy crisis, which was driven by volatile fossil fuel prices, the Department for Energy Security and Net Zero (DESNZ) said.
The biggest energy consume...