Greenpeace Threatens to Sue Crown Estate
Greenpeace UK is threatening legal action against the Crown Estate for alleged "monopoly profiteering" in offshore wind, claiming it hampers development and increases bills.
The Crown Estate, managing the King's land and property, generates income from leasing seabed to offshore wind developers through auctions.
Greenpeace claims the Crown Estate's "monopoly profiteering" is at the expense of bill payers and offshore wind developers.
- The Crown Estate owns the entire UK seabed outside of Scotland.
- It runs auctions to lease blocks of seabed to offshore wind developers.
- Income is generated from option fees and leasehold rents.
Author's summary: Greenpeace may sue Crown Estate over offshore wind profiteering.
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