Greenpeace Threatens to Sue Crown Estate
Greenpeace UK is threatening to take legal action against the Crown Estate for alleged "monopoly profiteering" in offshore wind, which they claim is driving up bills.
The Crown Estate, managing the King's land and property, leases seabed to offshore wind developers through auctions, generating income from fees and rents.
Greenpeace claims 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 for seabed plots.
- The Crown Estate provides revenue to the Treasury and the Royal Household.
Author's summary: Greenpeace may sue Crown Estate over wind profits.