Greenpeace UK Warns Crown Estate Over "Monopoly Profiteering"
Greenpeace UK has warned the Crown Estate that it is considering taking legal action unless the public body stops “monopoly profiteering” at the expense of bill payers and offshore wind developers.
The warning comes ahead of a major auction where energy firms are expected to bid for plots of seabed on which to build new wind farms.
About the Crown Estate
The Crown Estate manages all of the land and property belonging to the King, and provides revenue to the Treasury and the Royal Household.
As the legal owner of the entire UK seabed outside of Scotland, it runs auctions to lease blocks of seabed to offshore wind developers, generating income from option fees and leasehold rents.
“monopoly profiteering”
Author summary: Greenpeace UK warns Crown Estate over profiteering.