Greenpeace Threatens to Sue Crown Estate
Greenpeace UK is threatening to take legal action against the Crown Estate, accusing it of "monopoly profiteering" in offshore wind, which is driving up bills.
The Crown Estate, which manages the land and property belonging to the King, generates income from leasing blocks of seabed to offshore wind developers.
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 runs auctions to lease blocks of seabed, generating income from option fees and leasehold rents.
Author's summary: Greenpeace may sue Crown Estate over wind profiteering.