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 hampers the industry and increases bills.
The Crown Estate's "monopoly profiteering" is hampering offshore wind and pushing up bills.
Greenpeace has warned the Crown Estate to stop exploiting its monopoly position, which comes ahead of the UK's Allocation Round 7 auction for seabed plots to build new windfarms.
- The Crown Estate manages the King's land and property, generating revenue for the Treasury and Royal Household.
- It leases blocks of seabed to offshore wind developers, earning income from option fees and leasehold rents.
Author's summary: Greenpeace may sue Crown Estate over wind profiteering.