Greenpeace Accuses Crown Estate of Profiteering from Wind Farms
Greenpeace UK has accused the Crown Estate of 'monopoly profiteering' from offshore wind developments.
The Crown Estate should be managing the seabed in the interest of the nation and the common good, not as an asset to be milked for profit and outrageous bonuses.
According to Greenpeace UK, the current auction system drives up costs for developers and household energy bills. The group warns it may take legal action unless the leasing system is changed.
The Crown Estate owns the UK seabed outside Scotland and earns billions from leasing it for offshore wind projects.
Author's summary: Greenpeace UK accuses Crown Estate of profiteering.
- Greenpeace UK co-executive director: Will McCallum
- Accusation: 'monopoly profiteering' from offshore wind developments
- Potential action: legal action unless leasing system is changed