Space solar power station, not as far out as you think

The UK government is reportedly considering a £16 billion proposal to build a solar power station in space.
Yes, you read that right. Space-based solar power is one of the technologies to feature in the government’s Net Zero Innovation Portfolio. It has been identified as a potential solution, alongside others, to enable the UK to achieve net-zero by 2050.
But how would a solar power station in space work? What are the advantages and drawbacks of this technology?
Space-based solar power involves collecting solar energy in space and transferring it to Earth. While the idea itself is not new, recent technological advances have made this prospect more achievable.
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Source: ESIafrica