Greenpeace Threatens to Sue Crown Estate
Greenpeace UK is threatening legal action against the Crown Estate for "monopoly profiteering" in offshore wind, claiming it hampers the industry and increases bills.
The Crown Estate, which manages 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.
Ahead of the UK's Allocation Round 7 auction, where energy firms will bid for seabed plots to build new windfarms, Greenpeace has warned the Crown Estate to stop its alleged "monopoly profiteering" or face legal action.
The Crown Estate provides revenue to the Treasury and the Royal Household, and owns the entire UK seabed outside of Scotland.
Author's summary: Greenpeace threatens Crown Estate over wind profiteering.