Greenpeace Threatens to Sue Crown Estate
Greenpeace UK is threatening to take legal action against the Crown Estate for "monopoly profiteering" in offshore wind, which they claim is pushing up bills.
The Crown Estate, which manages the land and property belonging to the King, runs auctions to lease blocks of seabed to offshore wind developers, generating income from option fees and leasehold rents.
Greenpeace claims that the Crown Estate's "monopoly profiteering" is hampering offshore wind and pushing up bills.
- The warning comes ahead of the UK's Allocation Round 7 auction, where energy firms will bid for plots of seabed to build new windfarms.
- The Crown Estate provides revenue to the Treasury and the Royal Household.
Author's summary: Greenpeace may sue Crown Estate over wind profiteering.
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