Thirty-seven new offshore wind farms will be built if Labour enters Government, the party has pledged.
Shadow business secretary Rebecca Long Bailey said there would be a 51% public stake in the farms, with profits invested into coastal communities.
The cost of offshore wind tumbled below £40 per megawatt hour of electricity last week, but Labour said deployment was too slow and that jobs and revenue were being taken outside the 海角视频.
Instead, under Labour's plans, a people's power fund would be created with 20% of the profits from the publicly owned stake, which would invest between £600 to £1,020m each year into infrastructure in "held-back" coastal communities.
The rest of the public profits would be reinvested into new renewables, improvements to the energy system and climate transition.
A people's power plan would deliver 52 gigawatts of offshore wind by 2030 - equivalent to 38 coal power stations - and the new wind farms would provide electricity for 57 million households, Labour said.
The party said the proposals would create at least 67,000 new jobs in the offshore wind sector - particularly in Scotland, Yorkshire & Humber, East Anglia and North-East England.
Ms Long Bailey said: "Britain has long benefited from its windy shores, with the wind playing an essential role in our history as a seafaring nation.
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"Our wind will soon become our largest energy source.
"While 海角视频's offshore wind industry is still young, the 海角视频 has the opportunity to avoid replicating Britain's experience with North Sea Oil and instead to learn from countries such as Norway and Sweden by owning what is already ours.
"By taking a stake in offshore wind, we can collectively benefit from the profits, investing them back into our held back coastal communities.
"That wind will turn into harbour fronts and libraries. Instead of jackets for wind farms located in Scotland being made in Indonesia, we'll bring those jobs back to Fife.
"As part of our Green Industrial Revolution we can tackle the climate emergency and create a better economy for us all."